Obama Asue speaks at Macao Investment and Construction Forum

Within the framework of the ninth edition of the Infrastructure Investment and Construction International Forum in the Chinese city of Macao, and under the banner, New Growth Engines for an Improvement in Infrastructures and Greater Connectivity”, on the morning of 7th June, in representation of the President of the Republic, H. E. Obiang Nguema Mbasogo, the Prime Minister of the Government, Charged with Administrative Coordination, Francisco Pascual Obama Asue, intervened in order to underline the importance of reducing the infrastructure gap and its impact on poverty and development in nations.

Above all, the delegation from Equatorial Guinea that is attending this great Forum wishes to thank and congratulate Her Excellency Gao Yan, Vice-Minister for Trade from the People’s Republic of China, and Chinese authorities in Macao, in particular His Excellency Chui Sai On, Chief Executive of the Special Administrative Region of Macao, for the reception and attention provided since our arrival in this beautiful city, and the perfect organisation of the work of the Forum”, began the Prime Minister.

He continued by highlighting the importance of the scientific revolution as a transformation engine in the development of connectivity on all levels.

Currently, the new scientific and technological revolution has meant an industrial transformation, and its application has boosted the development of the infrastructure industry, while creating new economic development engines, led by technological innovation, and has led to the appearance of new economic formats and models based on the connectivity of an increasingly globalised world”, he added.

Furthermore, the Prime Minister stressed the role of infrastructures from an economic point of view, and the importance of the promotion of measures to reduce the gap in the sector and obtain objectives such as the reduction in poverty and an increase in economic growth, The promotion of measures to improve and close the gap in infrastructures in less well equipped and emerging countries in essential in order to achieve the priority goals of a reduction in poverty and an increase in economic growth. Investment in infrastructures is undoubtedly a determining factor that boosts growth and creates benefits in favour of the economic development of each country in the short, medium and long term”.

He also pointed out the achievements of the Republic of Equatorial Guinea in such an important sector, as a result of the execution of the Equatorial Guinea National Development Plan, Horizonte 2020.

Finally, he focussed on relations between the public and private sectors in infrastructure questions, outlining the importance of increasing private participation in the development and implementation of infrastructure, projects, and the decisive role that multilateral development banks can plan in order to achieve these objectives.

Source: Official Web Page of the Government of the Republic of Equatorial Guinea

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