This will be my second year as COO of the Asia Pacific Business Unit, and I am excited about continuing to lead business development in this region, which can be described by the following three key words.
The first key word is “growth”. Many of the countries in the Asia Pacific region are growing, and will continue to grow at a pace between 5-8% per annum.
The second key word is “diversity”. The Asia Pacific region consists of a number of unique countries, each one at a different stage of economic and social development, and with various cultural and religious backgrounds.
The last key word is “volatility”. Political and business conditions can change quickly, notably in emerging countries.
In such a fast-evolving market, infrastructure development will be critical to support the sustainable growth of the economy; Demand for better quality consumer products and services will expand with the increase in middle-income consumer spending; Business opportunity will also arise as Asian countries shift from supply source to import market of energy.
The impact of China’s economic downturn may continue in 2016, which presents us with challenges. However, I firmly believe that the Asia Pacific region will continue to be the driving force of the global economy in the long run.
Together with our local partners, let us initiate development of new businesses across Asia Pacific utilizing our vast networks and business engineering capabilities, contributing to the growth and prosperous future of the region.