Taiwan aims to solicit NT$1.1 trillion (US$36.44 billion) in global funds to invest in local property markets and government projects through the Asia-Pacific region’s biggest professional real-estate show, the Council for Economic Planning an Development (CEPD) said yesterday.
The three-day exhibition, MIPIM Asia, begins on Tuesday in Hong Kong.
“This is the third straight year for Taiwan to participate in the exhibition. We expect to attract more funds from global investors this year,” Council for Economic Planning and Development Minister Christina Liu (劉憶如) said at a media briefing.
The council has proposed 35 investment projects in cooperation with local governments and private property firms.
These projects are mainly infrastructure projects and urban renewal programs, Liu said.
The council hopes to attract funds totaling NT$1.1 trillion for projects including those proposed by the council, the Greater Taichung Government and Taiwan Taoyuan International Airport.
“Most of these projects have been planned well, but still need capital and for the construction to be well executed,” Liu said.
Although more foreign investors have realized that Taiwan is a good place in which to invest, Liu said that the government should continue to accelerate the pace at which it is removing investment barriers.
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