Govt all set to host Nepal Investment Summit 2019

Nepal Investment Summit 2019

Over 600 foreign investors to participate, 77 projects worth $31.93 billion to be showcased

KATHMANDU,  March 27: The government is all set to host Nepal Investment Summit 2019, which will take place from March 29-30.

Preparation for the Nepal Investment Summit 2019 is all complete, said Minister for Finance Yubaraj Khatiwada at a press conference on Wednesday.

Over 600 foreign investors including high-level delegates for 40 different countries will participate in the summit, according to Khatiwada.

Nepal Investment Board, during the summit, will showcase a list of 77 projects—50 on behalf of the government and 27 on behalf of private—worth $31.93 billion to attract the foreign investment in various sectors including agriculture, hydro power, industry, tourism, transportation, urban infrastructure and health and education.

The government-owned projects stands at $28.59 billion and the private sector-led projects stands at $3.34 billion. 25 projects are related to energy and infrastructure, 17 projects are related to tourism, 11 projects are related to transportation, eight are related to agriculture, seven are related to urban development six are related to industrial sector and three projects are related to education and health sector.

Minister Khatiwada expressed hope that the investment summit will be helpful to take the country toward the path of development and prosperity.

“The government and private sector have joined hands to make this summit a success. We hope our common effort will be helpful to showcase our development potentials and bring foreign investments in the country,” he said.

Nepal is hosting the Investment Summit for the first time since Prime Minster K P Sharma Oli assumed office in February, 2018.