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You are here: Página InicialPublications Issue 71 – July. 2018 Conventions & ExhibitionsIIICF successfully drives innovation, boosts connectivity for ‘Belt and Road’ countries

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IIICF successfully drives innovation, boosts connectivity for ‘Belt and Road’ countries

The 9th International Infrastructure Investment and Construction Forum (IIICF), led by the Ministry of Commerce of the People’s Republic of China, the Liaison Office of the Central People’s Government in the Macao SAR and jointly organised by the China International Contractors Association and the Macao Trade and Investment Promotion Institute (IPIM) was successfully hosted in Macao from June 7 to 8, 2018.

“Fostering New Drivers of Development to Boost Infrastructure Construction and Connectivity” was the theme for this year, the two‑day event featuring 14 forums, symposiums, parallel sessions, 60 exhibitor booths, over 160 business meetings and matching sessions. A total of 17 co-operation project agreements were signed during the event. Three of those agreements are collaborations between China and Portuguese-speaking Countries.

In his IIICF welcome address, Macao Chief Executive Chui Sai On said: “The International Infrastructure Investment and Construction Forum is an important platform for all countries along the ‘Belt and Road’ to share their experiences and enrich the achievements of co-operation. By giving full play to its platform and advantages, Macao is able to gain new experience and technology and enhance its competitiveness, and eventually contribute to the infrastructure collaboration with the ‘Belt and Road’ countries.”

He also said that “The Belt and Road Infrastructure Development Index” and the “Annual Report on Development of the Belt and Road Construction” would continue to be released to provide statistics for the infrastructure sector.

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Two thematic forums were held on the first day of IIICF

More than 1,800 delegates from 66 countries and regions, including 56 ministerial level officials and guests from 630 enterprises related to the Forbes 500 of 2017, financial institutes from home and abroad, international contractors and consultancy institutes, as well as industrial chain service providers came together and discussed infrastructure development, international co-operation through innovation, technological changes, and promoted the connectivity among the countries covered by the “Belt and Road” initiative.

Two thematic forums were held on the first day of the event: “Cultivating New Drivers for Infrastructure Development and International Cooperation – New Era of China, New Opportunities of the World” and “Cultivating New Drivers for Infrastructure Development and International Cooperation – Innovation-driven Momentum”.

During these forums, delegates discussed the co-operation between China and the “Belt and Road” countries, as well as the infrastructure plans and needs of these countries in the fields of energy exploitation, road and transportation, electricity, network and wharf. They also looked into how to promote green architecture in whole-life-cycle of construction through the co-operation of transnational value chains, and agreed that the upstream and downstream parts of the industrial chains should work closely together to reach a common goal.

Throughout the parallel sessions on the second day, the development of the Hong Kong-Zhuhai-Macao Bridge and Guangdong-Hong Kong-Macao Greater Bay Area were the main topics of discussion. Apparently, it plays a pivotal role in Macao’s participation in the growth of the Greater Bay Area.

The 10th IIICF will be held from May 30 to 31, 2019 in Macao.

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Macao’s role in the development of ‘Belt and Road’

IPIM’s President Jackson Chang said three important objectives were reached at this year’s IIICF. First of all, the forum provided innovative ways of thinking on international infrastructure development and co-operation. Secondly, it enhanced the interconnection and exchange of information for development on an international level. Lastly, and even more importantly, Macao’s role in the development of the “Belt and Road” initiative made a major breakthrough.

This year’s parallel session on the Hong Kong-Zhuhai-Macao Bridge and the Guangdong-Hong Kong-Macao Greater Bay Area Development and the Infrastructure Construction Seminar of China and Portuguese-speaking Countries highlighted the function of Macao’s role as a platform and its regional advantages to contribute to the construction of the “Belt and Road” initiative through unimpeded trade, financial integration, and people-to-people bonds.

Fang Qiuchen, President of the China International Contractors Association, said this year’s forum presented a very clear theme with excellent participation and innovative formats. He added that IIICF enables parties to come together to reach a consensus; promotes co-operation; guides industry trends in an authoritative manner and boosts the co-ordinated development between Macao and the regional economy.

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IIICF goes from strength to strength

Tang Hong Cheong, President of the Macao Construction Association, said that when he first joined IIICF, the association signed a memorandum of understanding with China International Contractor, one of the forum’s organisers. Then in 2013, he became a co-ordinator and he has thereafter watched IIICF grow from strength to strength and also witnessed how local enterprises benefit from the forum each year.

Mr Tang said he believes that while local companies may not have enough human resources and financial capital, the international role that Macao now plays is a tremendous benefit for local companies. The management experience gained from the arrival of major international hotels in Macao is a tremendous advantage for local companies, he added. Macao also plays a special international role with its multilingual society, international technical standards and its close ties with Portuguese-speaking Countries in various areas. All of these are demonstrating the unique fortes of Macao companies, stated Mr Tang.