Description about the event:
In recent years, the ASEAN economies have achieved steady growth, demonstrating remarkable resilience and growth potential. The Asian Development Bank forecasts a 5% growth for the ASEAN economy in 2024, and estimates that infrastructure investments in Southeast Asia will reach US$3.147 trillion by 2030. Multinational corporations continue to expand their investments in ASEAN countries, with foreign direct investment (FDI) showing rapid growth momentum. The “Belt and Road” Initiative has essentially achieved strategic alignment with ASEAN countries, fostering multi-tiered intergovernmental exchange mechanisms. ASEAN member states have increased cooperation in infrastructure connectivity projects, with flagship infrastructure projects such as the Jakarta-Bandung High-Speed Railway, the China-Laos Railway, and the China-Thailand Railway successfully implemented. According to statistics, the total mileage of railway projects under construction and planned in the region exceeds 40,000 kilometers in 2024. The development of the “Trans-Asian Railway Network” has strengthened exchanges between ASEAN and neighboring countries, prompting ASEAN nations to actively seek international cooperation in rail transportation markets, capital, and technology.
Malaysia, the third-largest economy in Southeast Asia, boasts significant economic attractiveness. With an economic growth rate of 3.7% in 2023, 2024 is poised to be Malaysia’s “take-off year” for medium- to long-term economic transformation, with a projected growth rate of 4.4%. The Malaysian government is vigorously advancing transportation infrastructure projects, thereby unleashing demand for rail transit equipment applications and project investment and financing, painting a promising outlook for the rail transit market.
Against this backdrop, the 4th ASEAN Rail Summit, themed “Global Tech Fusion, Rail Connects Nations,” will grandly convene in Kuala Lumpur, Malaysia, in January 9th- 10th 2025. Over 300 industry experts and decision-makers from railway government agencies, engineering planning, design, construction, and contracting units, owner enterprises, rolling stock, communication and signaling, electromechanical security equipment suppliers, investment and financing institutions, law firms, and consulting companies worldwide will gather to discuss opportunities for ASEAN’s rail transit industry development, standardization, investment and financing prospects, construction projects, operation, and maintenance, jointly advancing the industry’s construction and development in ASEAN.
The 4th ASEAN Rail Summit 2025
Venue: Kuala Lumpur, Malaysia
Dates: 9th-10th January 2025
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