30 Jul '15, 8am

Singapore & Vietnam exemplify strength of infrastructure opportunities in SE Asia markets #UKTI_blog #UKSo…

Singapore & Vietnam exemplify strength of infrastructure opportunities in SE Asia markets #UKTI_blog #UKSo…

I think the ASEAN infrastructure market has huge potential over the next decade. Infrastructure is a top priority of governments in the region, with expansion and development of urban, intercity and high-speed rail systems, new airports, ports, vital water and power developments. It is estimated that US$60 billion will need to be spent every year until 2022 to fulfil all the infrastructure needs across the region. That creates a huge opportunity for UK businesses. The 10 countries that make up the ASEAN region (Brunei, Burma, Cambodia, Indonesia, Laos, Malaysia, Philippines, Singapore, Thailand and Vietnam) have roughly the same economic output as the UK, yet 10 times the population at 600 million people. It boasts three of the world’s top 10 most rapidly growing construction economies – Indonesia, Vietnam and the Philippines – each estimated to continue growing between 6-...

Full article: https://ukti.blog.gov.uk/2015/07/30/constructing-a-new-se...

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