ACETP Aims To Rake In US$1.5 Bln In Investments At Forum

KUALA LUMPUR, Oct 24 (Bernama) -- The ASEAN-China Economic and Trade Promotion Association (ACETP) expects to rake in US$1.5 billion (US$1=RM4.23) in investments during the business match-making sessions of the inaugural Belt and Road Property Development Forum in Chengdu, China, from Jan 13 to 14, 2018. Its President, Ng Kek Kiong, said 20 Malaysian property developers were expected to participate in the forum, which would be jointly organised with the China-based data company, Chengdu Realty Technology Corp Ltd. "China’s One Belt One Road (OBOR) initiative, which involves over 65 countries, will benefit business owners who plan to expand their market," he told reporters on the forum here Tuesday. Also present was Chengdu Realty Chairman, Luo HongWei. Ng said that the forum, which would be held annually, would also serve as a platform to attract investments in Malaysia, not only in property, but also other sectors. Meanwhile, the forum, which is expected to attract about 300 property companies from China as well as ASEAN countries, aims to promote cooperation between ASEAN countries and China under the OBOR initiative. It would be cover topics such as policy analysis, investment and financing channels, as well as cooperation strategy and business matching session for ASEAN and China property companies. -- BERNAMA