Wednesday, May 04, 2011
JAKARTA, Indonesia – Indonesian President Susilo Bambang Yudhoyono today joined Elizabeth Littlefield, President and CEO of the Overseas Private Investment Corporation (OPIC), in opening OPIC’s Access to Opportunity in Southeast Asi
a, an international investment conference enabling U.S. companies to pursue investment opportunities in a region poised to grow dramatically in the coming years.
More than 300 participants, representing American and Southeast Asian businesses, leading regional investors and both the U.S. and regional governments are attending the three-day conference, which was announced by President Obama during his trip to Indonesia last November.
“We chose Southeast Asia for one reason above all others: its time is now. It is the
emerging market that economists and investors alike are pointing to with uniform enthusiasm,” said Ms. Littlefield.
“OPIC’s goal for the conference is to facilitate new U.S. investment in Southeast Asia, especially in priority sectors such as infrastructure and renewable energy. We aim to encourage projects which deliver important developmental benefits to the peoples of the region – better utility services, improved agriculture, modernized health care and communications, for example – through the vehicle of American innovation and capital,” Ms. Littlefield said.
U.S. Ambassador to Indonesia Scot Marciel said, “We are pleased to welcome OPIC to Indonesia as a demonstration of the Obama Administration’s ongoing commitment to support Southeast Asia’s emerging markets, and build a Comprehensive Partnership with Indonesia. Given the encouraging prospects in the region, we look forward to a highly successful conference.”
Following the model of OPIC’s six previous international conferences, Access to Opportunity in Southeast Asia is designed to connect U.S. and regional investors, financial institutions, private equity managers and government officials in order to facilitate new levels of U.S. private sector investment in sectors such as renewable energy, infrastructure, ICT and tourism. The conference will provide participants with detailed information necessary to access OPIC financing and political insurance, as well as new sources of project finance and private equity, to support their investments.
Conference speakers include OPIC Board members Kevin Nealer and Michael Warren; GE ASEAN President Stuart Dean; AES Corporation Vice President Venu Nambiar; AT&T Global Portfolio Manager Michael Koav; Qualcomm Southeast Asia Pacific President John Stefanac; Google Southeast Asia Emerging Market Development Manager James McClure; Global Water Fund Executive Director Stella Thomas; and American Indonesian Chamber of Commerce President Wayne Forrest.
Organizations supporting the conference are the American Chamber of Commerce of Hanoi; American Chamber of Commerce of Ho Chi Minh/Vietnam; American Chamber of Commerce of Indonesia; American Chamber of Commerce of Singapore; American Chamber of Commerce in Thailand; American Cambodian Business Council; American Indonesian Chamber; Asian Business Association; Asia Society Washington, D.C.; Association of Asian American Investment Managers; Bankers’ Association for Finance and Trade-International Financial Services Association; Bergen News Group; Brooklyn International Trade Development Center; California-Asia Business Council; Council of Development Finance Agencies; California Centers for International Development; Entrepreneurs Organization; Export Finance Assistance Center of Washington; Greater San Jose Hispanic Chamber of Commerce; Houston Technology Council; International Trade Association of Greater Chicago; New York Entrepreneur Week; US Pan Asian American Chamber of Commerce; Renewable Energy & Energy Efficiency Partnership; Singapore Business Federation; Singapore Manufacturer’s Federation; U.S. Chamber of Commerce/Trade Roots; US-ASEAN Business Council; W2W Media, LLC; and Washington Network Group.