4 Oct 2007

Guam gears up for business conference

3:51 pm on 4 October 2007

Preparations are underway in Guam to host a conference on regional business opportunities.

The forum in the next few days aims to explore investment, joint venture and other opportunities in US affiliated areas.

So far more than 840 delegates have registered to attend from across the Asia Pacific region.

Shawn Gumataotao, a spokesperson for Guam's governor Felix Camacho, says a key item on the agenda will be on how the private sector can help to accommodate more than 8,000 US marines relocating from Okinawa to Guam.

He says the military base will require more than 14 billion US dollars in construction work, and building up infrastructure.

"It's the first opportunity that will give those interested in investing in the U.S. insular area the chance to meet with leaders of those islands and to also look at those opportunities that will present itself to invest in our islands."

Shawn Gumataotao