3rd ASEAN Connectivity Forum entitled “ASEAN-Korea Partnership for ASEAN Economic Community Building” was held on October 22, 2015
The event was hosted by the ASEAN-Korea Centre in partnership with the Federation of Korean Industries (FKI) at the FKI Convention Center.
The delegates of 10 ASEAN Member States presented infrastructure projects and policy measures in the fields of transport, energy, and ICT to Korean business people.
The discussion of the Forum focused on current status and challenges to the Master Plan for ASEAN Connectivity and financial solutions for ASEAN connectivity.
The Forum also included one-on-one business meetings aimed at networking among the Korean business community, ASEAN government organizations and experts in the infrastructure field.
The amount of investment required for infrastructure projects in ASEAN is the second largest in the world after the Middle East. According to McKinsey, USD3.3 trillion in investments will be required in transport, water, energy and ICT areas in the ASEAN countries between now and 2030. When ASEAN Economic Community consisting of about 620 million people and a combined total GDP of USD2.4 trillion is established, enormous opportunities for large-scale infrastructure projects will be created.
ASEAN Master Plan on Connectivity is a concept that envisions a well-connected ASEAN to bring the peoples, goods, services and capital closer together. Adopted at the 17th ASEAN Summit in 2010, the master plan has made continuous progress to enhance physical connectivity, institutional connectivity and people-to-people connectivity.
Press-release at the official ASEAN web-site