An investment festival to attract investors for the development of Rakhine State will be held at Ngapali beach.

This festival will be the first ever in Rakhine State and it will be led and organized by the State government.

This festival will be held from February 21 to 23 at Ngapali beach, the 8th best beach of the world, and it is expected that 10-15 domestic and foreign investors will to come to this festival.

Apart from the agro industry and livestock farms, industrial zones and oil and gas projects can also be created in Rakhine State.

The Union Government will help and support the festival since the development of Rakhine State is crucial for the economy of the country.

The state government will reportedly invite investors mainly from China, Japan, India and ASEAN countries.