This year's International Infrastructure Investment and Construction Forum (IIICF) will focus on opportunities under the 'Belt and Road' initiative, the forum's organizers announced on Tuesday.
The forum, organized by the China International Contractors Association (CICA) and the Macao Trade and Investment Promotion Institute, will be held in Macao from June 2 to 3, according to the organizers.
With the theme of "innovating construction-finance cooperation, energizing infrastructure development," this year's forum will bring contractors and government officials together to discuss opportunities under initiative and international capacity cooperation, CICA President Fang Qiuchen told a briefing in Beijing.
In recent years, to support the initiative and boost global capacity cooperation, China has initiated platforms such as the Asian Infrastructure Investment Bank, the New Development Bank (BRICS Bank), and the Silk Road Fund, and these efforts are providing new financing channels for global infrastructure development, Fang said on Tuesday.
China's investment in countries and regions covered by the 'Belt and Road' initiative has been increasing fast, Han Yong, an official with the Ministry of Commerce (MOFCOM), said at the same briefing on Tuesday.
In the first quarter, non-financial foreign direct investment to these markets increased 21.5 percent year-on-year to $3.59 billion, noted Han.
Another forum focusing on infrastructure, the 2nd China-LAC Infrastructure Forum (which focuses on Latin America) will be held in conjunction with the IIICF this year, according to a press release on Tuesday.
China's investment in Latin America has also been increasing in recent years and the region, with huge demand, will be a key market for infrastructure contractors, Jiang Shan, another official with the MOFCOM, told the same briefing.
