In around five weeks, the First Minister will host her much-vaunted international investment summit at the ICC Wales in Newport.

Who is attending and what projects will be pitched as investment-ready, has yet to be made public.

However, the First Minister has rightly decided to keep it a small and focused affair for a summit that will attract a number of investors not currently active in Wales (around 60% of attendees). Little would be gained from inviting familiar faces from ‘Team Wales.’

But what does Wales have that could offer prospective investors returns that would match or outperform investing in other asset classes?

If you look at what is investable in Wales - and firms seeking growth capital can easily fund investors with capital to deploy - how many projects have planning approval and are of significant scale to attract collectively billions in investment?

This will be the challenge for the First Minister and her officials. Just identifying, say, property investment opportunities in Swansea and........

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