YANGON, Myanmar, May 3, 2018 /PRNewswire/ -- In a bid to rise as a top investment hub in Asia, the regional government of Yangon is embarking on a large-scale roadshow kicking off with the inaugural Yangon Investment Forum 2018 (YIF 2018).
Initiated by the Yangon Region Investment Committee (YRIC) and Directorate of Investment and Company Administration (DICA), the high-level forum is expected to attract over 500 local and foreign investors. It will be held on May 9, 2018 at the Novotel Yangon Max Hotel.
"Yangon is at the nexus of a dynamic region. Investors who are seeking growth within Myanmar, greater Southeast Asia, and the mega-markets of China and India should take a closer look at the diverse investment opportunities we offer and the compelling reasons why Yangon Region is an ideal hub for doing business in Asia," said Yangon Region Chief Minister H.E Phyo Min Thein.
Underpinning Yangon's readiness to engage, he added: "Yangon has the most improved infrastructure, connectivity, and business enablers in the country. More importantly, we are committed to level the playing field and to create a friendly environment for businesses to grow."
Recognised as the country's commercial capital, Yangon Region takes up the lion share of investments in Myanmar. According to DICA, the investment flow to Yangon Region is the highest amount of the total investment flow to Myanmar.
From Fiscal Year (FY) 1994-1995 to 2017-2018, Yangon Region registered 585 Myanmar-owned business enterprises with the total investment amount of Kyat billion 6990.2134, and during FY 1988-1989 to 2017-2018, there were 845 foreign-owned businesses enterprises with a total foreign investment amount of US$ billion 20.276.
Yangon Region is also home to 30 industrial zones including the largest industrial zone in Hlaing Tharyar Township and one special economic zone, namely Thilawa Special Economic Zone.
At YIF 2018, Yangon Region Chief Minister H.E Phyo Min Thein is set to unveil Yangon Region's investment strategies. He will lead a team of regulators, policy-makers and investment experts that will shed light on Myanmar's investment framework and the New Myanmar Investment Law, Myanmar Taxation, present current investment landscape, and emerging bright spots. Meanwhile, corporate leaders will share their perspectives and experiences in key growth sectors: Industrial Estate, Power & Energy, Logistics, Hotel & Tourism, and Textile & Garments manufacturing.
YIF 2018 is held in partnership with main sponsor Myanmar Investors Development Association (MIDA), co-sponsor Republic of the Union of Myanmar Federation of Chamber of Commerce and Industry (UMFCCI), and with support from technical consultants German Cooperation through GIZ, PwC Myanmar and Novotel Yangon Max Hotel.
For more details and to register for the event, please visit www.yangoninvestmentforum.com.
