26 Sep 2017

OPENING REMARKS BY MR LEE ARK BOON

CHIEF EXECUTIVE OFFICER,

INTERNATIONAL ENTERPRISE (IE) SINGAPORE

7TH ASIA-SINGAPORE INFRASTRUCTURE ROUNDTABLE

26 SEPTEMBER 2017, 1:30PM, MARINA BAY SANDS CONVENTION CENTRE


Mr S Iswaran, Minister for Trade and Industry (Industry),

Distinguished Guests,

Ladies and Gentlemen,


  1. Good afternoon, and welcome to International Enterprise Singapore’s Asia-Singapore Infrastructure Roundtable.

  2. 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.

  3. 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.

  4. 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 Singapore companies.

  5. I would also like to thank our distinguished sponsors - China Construction Bank, Clifford Capital and Sembcorp Industries for their valuable support.


  6. Singapore’s infrastructure ecosystem has matured over the years

  7. 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.

  8. In the breakout sessions, we will be focusing on the rise of distributed solutions in Asia, and rail as a means to connect Asia.

  9. 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 services.

  10. Events such as today’s ASIR are important gathering points for leading stakeholders within the ecosystem to trade ideas and form new partnerships.

  11. 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.


  12. Singapore is Asia’s infrastructure gateway

  13. 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 infrastructure together.

  14. 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 on.

  15. 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 developments.

  16. Through this MOU, Singapore can share our experiences in urban development and transport management. With a total developable area of over 9,000ha, New Clark City will present tremendous opportunities for Singapore-based companies.


  17. Conclusion

  18. 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.

  19. Now, I would like to invite our Guest-of-honour, Minister S Iswaran to deliver his opening address. Minister, please.