China’s state-owned enterprises (SOEs) are interested in many areas of business, but one area stands out in particular. Surbana Jurong CEO International Teo Eng Cheong notes that in the past few years, the projects they are most excited about have to do with physical access – to allow the easier import of raw materials and export of Chinese goods. This makes the building of roads, railways and ports a priority.
Mr Teo was speaking as a panellist at the Belt and Road Initiative Forum (BRIF) organised by HCS Academy in Singapore in May. The forum encourages businesses and government agencies to explore potential projects and develop strategies vis a vis the BRI.
SOEs dealing in BRI projects have been engaging Surbana Jurong in master-planning and in areas requiring our knowhow in managing their partners in Southeast Asia, and our expertise in infrastructure developments align with their focus on gaining better access and connectivity, said Mr Teo. The panel also comprised Wong Choo Sin (Global Markets Director, China, Enterprise Singapore); Fong Pin Fen (Director, Cities, Infrastructure & Industrial Solutions, Singapore Economic Development Board); Leong Sing Chiong (Assistant Managing Director, Development & International, Monetary Authority of Singapore); and moderator Dr Lim Tai Wei (Adjunct Research Fellow, NUS East Asian Institute).