The Philippines has set some very ambitious targets to upgrade and build crucial infrastructure developments, including sea and air ports. The country aims to roll out more than P3.6 trillion in public infrastructure projects in the coming two years. As such, 2017 to 2022 is being called the Philippines "Golden Age of Infrastructure."
Part of the push relates to China's Belt and Road Initiative, which provides a fantastic opportunity for the Philippines to ask for not only monetary funding, but also professional assistant to develop infrastructure projects. This also explains why the Philippines is one of the most active participants in the Belt and Road Initiative among the Southeast Asian countries. Correspondingly, the Philippines took action to join the Asian Infrastructure Investment Bank (AIIB) as a full member, which has shown their strong support to the OBOR initiative.
Among the companies participating in the OBOR projects in the Philippines is Hong Kong architectural company hpa (Ho & Partners Architects), which won the tender for a massive development on an artificial island in Manila. Dubbed as 'City of Pearl,' the project involves office buildings, residential blocks, leisure facilities and government facilities in a mixed-land use and man-made island, which will also be developed into a SMART city.
To give members an idea of the scope of opportunities brought by the OBOR Initiative in the Philippines, the country's Acting Consul General in Hong Kong, Roderico C Atienza, will explain about Philippines' investment environment and ongoing projects, while Nicholas Ho, Deputy Managing Director of hpa (Ho & Partners Architects), will provide a detailed explanation on their project 'City of Pearl'.