Taiwan targets foreign investors at MIPIM

Taiwan’s Council for Economic Planning and Development announced its plan to obtain TWD1.1tr (US$36.44bn) in global funds for investing in local property markets and government projects via the Asia-Pacific region’s largest real-estate show.

The council has proposed 35 investment projects in coordinated efforts with local governments and private property developers, with most of the projects aimed towards infrastructure and urban renewal.

Although foreign direct investment in Taiwan is on the rise, the government should continue to accelerate the pace at which it is removing investment barriers, experts say.

The three-day property exhibition, MIPIM Asia, starts on Tuesday in Hong Kong.