Rapid urbanisation, increased infrastructure spending heightens demand in the wire, cable, tube and pipe industries
30 Oct 2018
Cities all over Southeast Asia project about 100 million migrations from countryside to cities through 2030, necessitating improved productivity, better incomes, education, healthcare and transport. Hence the need for 'smart cities'; where integrated technologies improve traffic flows, transportation, energy, water usage and services.
The set-up of the ASEAN Smart City Network (ASCN) to support urbanisation is a common platform to share best practices, link member cities with private investment and secure funding. Thailand has pledged 1.5 trillion baht (S$62 billion) over the next five years to boost growth and develop its three eastern provinces as the Eastern Economic Corridor, with infrastructure spending to remain a key driver for the economy and new development projects.
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