Malaysia: As the fastest-growing region in the global economy, Southeast Asia emerging economies have attracted worldwide attention. It is estimated that by 2020, ASEAN is expected to become the fifth-largest economy in the world. As one of the important countries in ASEAN, China has always maintained close cooperation and exchanges. According to the National Bureau of Statistics, China’s imports and exports to ASEAN increased by 11.2% in 2018, higher than the United States and the European Union.
Under the initiative of Master Plan on ASEAN Connectivity 2025 and “The Belt and Road” initiative, the rail transit infrastructure continued to develop in Southeast Asia. In April 2019, Malaysia and China made major breakthroughs in the negotiations on the East Coast Railway project after 8 months of suspension; the key projects such as China-Laos Railway, Jakarta-Bandung high-speed railway, and China-Thai Railway are being actively promoted. At the same time, Chinese rail transit products will also go overseas, and seek international cooperation in funding and technology in the rail transit market with ASEAN countries.
On this background, the 3rd ASEAN Rail Summit 2019 will be held in Kuala Lumpur, Malaysia, September 18-19th 2019. During the summit, more than 300 experts and decision-makers from ASEAN and global rail industry government agencies, design units, operators and industry suppliers will come together to discuss the development of ASEAN rail transit industry, opportunities and financial considerations, technological innovation, Operation management, and other topics. Jointly promote the construction and development of ASEAN Rail transit industry!
For more information about the summit please visit the official website here.
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