Aiming To Increase Investment, Guam To Host Economic Symposium

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Tourism, infrastructure, U.S. military expansion seen as areas for growth

By Shawn Raymundo

HAGÅTÑA, Guam (Pacific Daily News, Oct. 3, 2014) – The Guam Economic Development Authority is preparing for an economic symposium aimed at increasing investment opportunities in the island's tourism sector, infrastructure and defense industry.

GEDA's three-day conference, "Invest Guam -- the time is now," will run from Oct. 22 to 24, and will include panel discussions and presentations led by government officials, business leaders and experts in the three sectors.

The symposium is meant to increase investments in Guam's tourism industry, which is expected to grow substantially within the next six years, as outlined by the Guam Visitors Bureau, said Chris Unpingco, marketing project manager for Marketing Research and Development Inc.

He added that Guam has been trying to amp up attractions to entice Russian and Chinese tourists to vacation on the island instead of other destinations in the area.

Investment opportunities in Guam's tourism, environmental infrastructure and U.S. military expansion are expected to generate $12 billion to $15 billion in the next seven to 10 years, according to a GEDA press release.

The event will gather investors from local businesses as well as off-island investors from the U.S. and other countries, Unpingco said.

Almost 200 people have registered to attend the symposium, Unpingco said.

Registration costs $1,000 and anyone interested in attending the conference can register through GEDA's website.

The event will kick off at 8:30 a.m. Oct. 22 with a welcoming address from GEDA board Chairman E.J. Calvo and Gov. Eddie Calvo. Day One and Day Two of the conference will include presentations on economic strategies for visitor growth, hotel and resort development and Guam's economy and a panel on Guam's infrastructure.

Throughout the conference, investors and attendees will have multiple 15-minute opportunities for networking.

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