SBF unveils Infrastructure Committee to help businesses tap rising infrastructure opportunities
- A 15-member committee, comprising key stakeholders from infrastructure-related sectors, will boost Singapore’s participation in infrastructure projects, mainly in ASEAN and South Asia
- The committee is private sector-led, complementing the government-led Infrastructure Asia to contribute to Singapore’s development as the Infrastructure Hub for Asia.
The launch was witnessed by Deputy Prime Minister and Coordinating Minister for National Security Mr Teo Chee Hean and SBF Chairman Mr S. S. Teo.
The SBF Infrastructure Committee is the latest SBF committee the Federation has established, after its SME Committee and Digitalisation Committee. A private sector-led initiative, the SBF Infrastructure Committee will bring together the Singapore business community and foster capabilities in key sectors. The Committee aims to build a well-functioning infrastructure ecosystem to help Singapore companies seize regional infrastructural opportunities.
The SBF Infrastructure Committee will complement Infrastructure Asia , driven by the Government to develop Singapore as the Infrastructure Hub for Asia.
Serving as the SBF Infrastructure Committee’s Founding Chairman is Mr Pek Lian Guan, SBF Vice Chairman and Executive Director and CEO, Tiong Seng Holdings Ltd, who will be joined by 14 key stakeholders from infrastructure related sectors in Singapore, such as construction, utilities, urban planning, legal and financial services (Refer to the Annex for the list of Committee members).
The fundamental focus of the SBF Infrastructure Committee will be project-driven. For a start, the Infrastructure Committee will focus on four sectors – utilities, transport, telecommunications, built environment – across two geographical regions – ASEAN and South Asia.
On his appointment, Mr Pek said, “The SBF Infrastructure Committee is set up with the intent of bringing together relevant expertise within the Singapore business community to participate in regional infrastructure projects. The Committee will identify opportunities with potential for collaboration and determine how best to approach such projects, based on the strengths and unique competencies of our companies within this ecosystem. By focusing on the entire value chain and bringing our full range of expertise to bear, we hope to show some real and impactful results where more Singapore companies can become key players in infrastructure.”
Expressing his support as a member of the SBF Infrastructure Committee, Mr Liew Mun Leong, Chairman of Changi Airport Group and Surbana Jurong Group, said, “Urbanisation and infrastructure development will be key drivers of global economic growth for this 21st century. China’s Belt and Road Initiative will add huge momentum to this growth strategy especially for developing countries. Singapore has transformed itself from a third world country to first world within a relatively short period by investing heavily in the country’s infrastructure. There are many showcase projects in airport, seaport, land transport, power, water and telecommunications. We have since developed extensive expertise and capabilities in infrastructure development. This initiative to form an Infrastructure Committee by SBF will help galvanise a nationwide effort to export and collaborate with overseas countries in infrastructure projects.”
Mr Ho Meng Kit, CEO of SBF and a member of the SBF Infrastructure Committee, highlighted the importance of having a private-sector platform to complement Infrastructure Asia. He said, “There are many sectors involved in infrastructure and SBF can play an aggregator role to structure more holistic solutions covering products and services along the whole value chain of an infrastructure project. The Infrastructure Committee is therefore an important platform to bring together Singapore companies with complementary strengths to pursue regional projects. It will also contribute to Infrastructure Asia’s efforts in attracting regional infrastructure projects to be structured in Singapore.”
Said Ms Eunice Koh, Assistant Chief Executive Officer of Enterprise Singapore, the agency championing enterprise development, “We look forward to partnering the SBF Infrastructure Committee, as well as Infrastructure Asia, to bring our business community across the value chain to seize the huge infrastructure opportunities in Asia.”
The Infrastructure Committee will establish outcome-oriented sub-committees to lead groups of Singapore companies to pursue regional infrastructure projects. Interested companies can register here.
Annex - List of SBF Infrastructure Committee Members