Good afternoon, and welcome to International Enterprise Singapore’s Asia-Singapore
Today, we are into the 7th run of ASIR. And it has grown to become one of our
region’s key platforms for infrastructure companies, financial institutions, investors and
policy makers to exchange views on meeting Asia’s infrastructure needs.
To date, our Infrastructure Roundtable Series has attracted over 1,300 industry
practitioners. More than S$8 billion worth of projects have been catalysed on this
platform, with our companies subsequently securing over S$800 million worth of
projects across Asia.
This year, it is our pleasure to partner with the United States Commercial Service
(USCS) Office. This follows our Memorandum of Understanding (MOU) signed at the
US-Singapore Collaboration Platform last August. Through the MOU, both sides agreed to
explore and facilitate infrastructure-related collaboration opportunities between US and
I would also like to thank our distinguished sponsors - China Construction Bank, Clifford
Capital and Sembcorp Industries for their valuable support.
Singapore’s infrastructure ecosystem has matured over the years
Later this afternoon, we will get to hear from the experts and practitioners on what new
approaches we can expect towards Asia’s changing infrastructure landscape, and what
it takes to build the next generation of smart infrastructure.
In the breakout sessions, we will be focusing on the rise of distributed solutions in Asia,
and rail as a means to connect Asia.
Ladies and gentlemen, Singapore’s infrastructure ecosystem has matured over the years. Today, we play host
to a large variety of companies – developers, financiers, multilaterals, professional
Events such as today’s ASIR are important gathering points for leading stakeholders
within the ecosystem to trade ideas and form new partnerships.
PFI, a leading infrastructure industry publication will also be holding the Asian edition of
their annual Awards in Singapore. This is the fourth time they are doing so, reflecting
Singapore’s growing importance as the region’s infrastructure hub.
Singapore is Asia’s infrastructure gateway
Indeed, Singapore continues to be the gateway for Asia’s infrastructure potential – the
place where regional projects are transformed from ideas to reality. Using Singapore as
a hub and gateway, we can work closely with our Asian neighbours to develop
Singapore has a strong foundation of neutrality and trust, with the countries where the
projects are located, and we also have a valued and efficient judicial system and legal framework.
These are important considerations for developers and investors, and alongside an
open economy, Singapore thus offers a trusted venue that international parties can rely
In addition, as a city-state and transport hub, Singapore has valuable development
experience which can be shared. For instance, later today, IE Singapore is signing a MOU with the
Philippine Bases Conversion and Development Authority (BCDA), a Government-owned
corporation mandated to transform former military bases to civilian
Through this MOU, Singapore can share our experiences in urban development and
With a total developable area of over 9,000ha, New Clark City will present tremendous
opportunities for Singapore-based companies.
Finally, I wish to thank all of you who have continually participated in ASIR and
specially made time to join us today. Let us proceed with a fruitful roundtable.
Now, I would like to invite our Guest-of-honour, Minister S Iswaran to deliver his
opening address. Minister, please.