SBF’s “BRI Connect” business facilitation platform on regional infrastructure development unveils 21 founding members at FCGF & SRBF® 2018
- BRI Connect founding members will facilitate effective communication and connection to BRI projects in Singapore, China and countries along the Belt and Road
The 21 founding-member companies announced today at the Future China Global Forum & Singapore Regional Business Forum come from multi-sectors and provide a comprehensive value chain, domain knowledge, project experience and consultancy services to BRI. They represent finance and banking, infrastructure project management, legal and mediation, facility management and risk management, communications, amongst others.
BRI Connect Founding Members will be engaged in both online and offline activities as SBF targets to connect BRI stakeholders across the region. Several offline BRI Connect programmes were successfully concluded in the first half of this year, such as BRI Connect Business Dialogue, Business Mission on Chongqing Connectivity Initiative, forums and trade and investment seminars. SBF is also developing a portal to foster a more comprehensive online community, expected to be launched next year.
Building on the high-level discussions and sharing at FCGF & SRBF® 2018, SBF will initiate deep dive interviews with BRI key stakeholders to gather insights and feedback on the BRI Connect platform.
Mr Teo Siong Seng, Chairman of SBF, said, “To enhance Singapore’s role as a Regional Infrastructure and Financial Hub, SBF is compiling information and intelligence, and facilitating the efforts of Singapore companies to seek capital to seize new BRI opportunities, spur local and regional partnerships, commercialisation of innovations, and venture out to third countries.” He further added, “We believe the establishment of BRI Connect Founding Members network is a significant development as it is aligned with government’s effort to encourage more Singapore companies to engage in regional infrastructure development projects”
Mr Ho Meng Kit, Chief Executive Officer of SBF, said, “Singapore enterprises face challenges obtaining business leads on BRI. The launch of the BRI Connect online platform next year will provide an interface to connect key stakeholders of economies along the Belt and Road and improve Public-Private sectors collaborations”. “The leadership of the Founding Members to enhance the prospects and success of local enterprises in BRI, will eventually raise the significance of their role as Singapore BRI stakeholders” he added.
Since BRI’s launch by Chinese President Xi Jinping in 2013, SBF has been among the first movers to drive the sharing and exchange of BRI-related information to increase Singapore business community’s awareness of the Initiative.
SBF’s proactive approach towards BRI is expected to enhance the "33-85" figure illustrating Singapore's close alignment to BRI: 33 per cent of all outward investments related to the initiative flows through Singapore, while 85 per cent of inbound investments make its way to China through the city-state.
SBF welcomes stakeholders from various industries to join as Corporate Members of BRI Connect. For more information, visit http://www.sbf.org.sg/BRI_Connect.
Annex - BRI Connect's Founding Members