Dubai keen to invest in Myanmar gold
Originally published in Myanmar Times by Chan Mya Htwe (link below)
Dubai Gold Entrepreneurs Association wants to invest US$200 million in the gold industry in Myanmar, said U Kyaw Win, the secretary of Myanmar Gold Entrepreneurs Association.
The Dubai-based association expressed their interest in Myanmar’s gold sector at the Asia Pacific Precious Metals Conference, held recently in Singapore.
Eight delegates from Myanmar and businesses from other countries attended the event which was held for the first time in the island-state.
At that conference, the Dubai Gold Entrepreneurs Association said it is interested in opening a bank in Myanmar by investing $200 million, specifically servicing the gold market in Myanmar.
“We discussed it roughly. We will report this matter to our union minister.