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Int’l infrastructure investment forum kicks off in Macao

Abstract : The 11th International Infrastructure Investment and Construction Forum (IIICF) kicked off in China's Macao Special Administrative Region (SAR) Wednesday, attracting more than 400 entities and 1,000 political, business, and academic representatives.

MACAO, Dec. 2 (Xinhua) — The 11th International Infrastructure
Investment and Construction Forum (IIICF) kicked off in China’s Macao
Special Administrative Region (SAR) Wednesday, attracting more than 400
entities and 1,000 political, business, and academic representatives.

In the welcome speech at the opening ceremony, Macao SAR Chief
Executive Ho Iat Seng said that this year’s IIICF would usher in potent
impetus for the recovery of Macao’s economy.

With the full support of China’s central government and cooperation
of the Macao SAR government, this forum has become a pivotal platform
for Macao to participate in the construction of the Belt and Road
Initiative and the Guangdong-Hong Kong-Macao Greater Bay Area
cooperation, the chief executive added.

China’s Vice Commerce Minister Wang Bingnan said in his speech that
due to the pandemic, economic globalization faced a countercurrent,
resulting in heightened risk aversion and impact on international
infrastructure investment and construction.

However, the dominant trend of accelerating infrastructure investment
and construction through international cooperation would not change,
Wang added.

The chairman of the China-Pakistan Economic Corridor (CPEC) Authority
Asim Saleem Bajwa said that CPEC was a major pilot project of the Belt
and Road Initiative. Over the past five years, there were 22
construction projects under the framework of CPEC, covering roads,
railways, airports, thermal power, hydropower, renewable energy, Gwadar
Port, special economic zones and other areas.

In face of the novel coronavirus, all CPEC projects have been moving
forward, bringing hope for a future of peace and economic growth, he
added.

More than 400 entities and 1,000 political, business, and academic
leaders have been invited to the two-day event for issues such as the
opportunities and challenges faced by international infrastructure
cooperation, and the trends of the international infrastructure market
in the post-pandemic era.

The first day of the forum had sub-forums such as “Outlook on
International Infrastructure Development in Post COVID-19 Era” and
“Jointly Promoting International Infrastructure Development in a Steady
Progress”, and the 6th China-Latin American and Caribbean (LAC)
Infrastructure Forum.

The Belt and Road Infrastructure Development Index (2020) and the
Annual Report on Belt and Road Infrastructure Development Index (2020)
were also released on the first day of the forum. Enditem

About Xinhua Silk Road

Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal. China’s silk road economic belt and the 21st century maritime silk road website, include BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: Int’l infrastructure investment forum kicks off in Macao

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