Oxford Business Group (OBG) has signed a Memorandum of Understanding with Private Infrastructure Development Group (PIDG) company InfraCo Asia, an infrastructure development and investment firm focused on stimulating greater private sector investment in infrastructure development in south and southeast Asia.
Under the agreement, OBG will partner with InfraCo Asia to gain insight into the infrastructure industry and project investment opportunities in regional frontier markets. This information will become part of OBG’s platforms and editorial content, providing OBG readers and subscribers with an even greater depth and scope of coverage on infrastructure-related topics.
The MoU was signed ahead of an infrastructure-themed roundtable, which took place at the Tower Club in Singapore on March 1, 2019. The roundtable was hosted by PIDG and InfraCo Asia, in partnership with OBG.
More than sixty Asia-based infrastructure leaders and public-sector dignitaries came together to explore how to effectively overcome the obstacles to infrastructure development in Asia’s frontier markets.
Commenting after the signing Allard Nooy, CEO, InfraCo Asia, said he was delighted to be teaming up with OBG, adding that the partnership would undoubtedly equip business leaders working in Asia’s frontier markets with a rich set of information and insights.
“Through its investments and project development efforts, InfraCo Asia catalyses private sector investment in sustainable infrastructure projects in south and southeast Asia. Our work at the frontier of infrastructure development in the region provides us with an unparalleled view of market conditions and best practices, and we are glad to utilize our partnership with OBG to help more private sector investors understand the opportunities and the risks at hand,” Nooy said. “Increasing the availability of information about infrastructure industry conditions and project opportunities supports InfraCo Asia’s aim to stimulate greater private sector investment in infrastructure in south and southeast Asia. Oxford Business Group’s well-established presence in several of our key markets makes them an ideal partner and platform from which to disseminate relevant learnings and insights from these regions.”
Patrick Cooke, OBG’s Regional Editor in Asia, also welcomed the partnership, saying he was confident that the synergies between the two firms and the common ground that they shared would support both firms in their work.
“Although Asian economies offer extensive project pipelines, including several initiatives that are vital for facilitating cross-border connectivity, the regional infrastructure deficit is understandably causing concern,” he said. “InfraCo Asia works to enlist the support of the private sector to address these funding gaps, while Oxford Business Group’s coverage of emerging economies includes in-depth analysis of innovative solutions to infrastructure challenges. I’m delighted that our research into the region’s untapped investment opportunities in infrastructure will benefit from InfraCo Asia’s expertise and additional resources.”
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About Oxford Business Group
Oxford Business Group (OBG) is a global research and consultancy company with a presence in over 30 countries, from the Middle East, Africa and Asia to the Americas. A distinctive and respected provider of on-the-ground intelligence on over 30 of the world’s fastest growing markets for sound investment opportunities and business decisions.
Through its range of products – Economic News and Views, OBG Business Barometer – CEO Survey, OBG Events and Conferences, Global Platform – exclusive video interviews, The Report publications – and its Consultancy division, OBG offers comprehensive and accurate analysis of macroeconomic and sectoral developments.
OBG provides business intelligence to its subscribers through multiple platforms, including its direct 6 million verified subscribers, over 1.2 million subscribers of Dow Jones Factiva, the Bloomberg Professional Services’ 325,000 subscribers, Refinitiv’s (previously Thomson Reuters) Eikon 300,000 subscribers, and more.
About InfraCo Asia
1. InfraCo Asia Development Pte Ltd (InfraCo Asia) is a commercially managed infrastructure development and investment company of the Private Infrastructure Development Group (PIDG).
2. Headquartered in Singapore, InfraCo Asia stimulates greater private sector investment in infrastructure in south and south east Asia. InfraCo Asia funds high-risk infrastructure development activities by taking an equity stake with a focus on socially responsible and commercially viable infrastructure projects that contribute to economic growth, social development and poverty reduction. At the appropriate time, either as close as possible to financial close and/or commercial operation, InfraCo Asia aims to (partially or fully, as appropriate) exit each project. It does this through the sale of its stake to the private sector in order to catalyse private sector investment and participation into the projects and countries it is engaged with.
3. InfraCo Asia is currently funded by four members of PIDG – the UK Department for International Development (DFID), the Ministry of Foreign Affairs of the Netherlands, the Swiss State Secretariat for Economic Affairs (SECO), and the Australian Department of Foreign Affairs and Trade (DFAT).
4. The Private Infrastructure Development Group (PIDG) is an innovative infrastructure development and finance organisation which encourages and mobilises private investment in pioneering infrastructure in the frontier markets of sub-Saharan Africa and south and south-east Asia to promote economic development and combat poverty. PIDG delivers its ambition in line with its values of opportunity, accountability, safety, integrity and impact. Since 2002, PIDG has supported 170 infrastructure projects to financial close and provided 231 million people with access to new or improved infrastructure. PIDG is funded by six governments (UK, Netherlands, Switzerland, Australia, Sweden, Germany) and the IFC.
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