Peru To Lure Investments Worth US$6 Bln From Asia-Pacific Economies

by Dave ver 5.0

Peru expects to lure investments worth US$6 billion from Asia-Pacific economies despite tough global economic conditions after it hosts the region’s biggest gathering of leaders, ministers and top-ranking businessmen this week at its capital in Lima.

It is also seeking to attract investments from Malaysia especially in value-added downstream oil palm activities, Peruvian Ambassador to Malaysia, Alejandro Gordillo Fernandez, told Bernama in an interview here, Sunday.

Fernandez said Peruvian President Allan Garcia Perez aims to impress that his country is a top-notch investment centre at the Asia-Pacific Economic Cooperation (Apec)’s 16th summit and during official and private sector meetings.

Besides banking on a wide mineral base such as copper, gold, silver lead and tin, Peru has bright prospects for petroleum firms to exploit crude oil reserves both onshore and offshore, Fernandez said. Foreign investors could also look for opportunities in the construction, manufacturing, trade and services sectors which have been the most buoyant in the domestic market, he said.

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