New P3 Projects in The Philippines: Top 10 Opportunities and Clark City’s Development Plans (3:15 p.m. to 3:40 p.m.) 

The Philippine government recognizes the private sector’s role in national growth and the value of public-private partnerships (P3s) as a preferred funding mechanism of infrastructure projects. The current administration has committed to fund infrastructure projects at five per cent of the GDP and is on the cusp of signing into law the PPP Code by end of 2023 to make these projects in the Philippines more attractive to private investors.

Presenters: 

• Dodjie Fabian, Trade Commissioner, The Embassy of Canada in the Philippines 
• Arrey Perez, President and Chief Executive Officer, Clark International Airport Corporation  (CIAC)

Saudi Vision 2030 and P3s (3:45 p.m. to 4:10 p.m.)

In 2016, oil-rich Saudi Arabia announced a broad set of socio-economic reforms, known as Vision 2030 which has for main objectives the diversification, modernization and Saudization of its economy. Saudi Arabia has an oil-based economy with solid government controls over major economic activities. P3s and privatization are some of the cornerstone policies of Vision 2030. P3s are expected to deliver new infrastructure, improved services and increased participation of the private sector. A number of P3 projects have already been approved, are at the pre-feasibility stage or under construction including projects in sectors as varied as water and wastewater, urban/municipal infrastructure, education, health care and social services, road and transportation, customs facilities (e.g. land ports), defence and agriculture projects. Management under the P3 model is expected to optimize the utilization of resources in Saudi Arabia.

Presenters:

• Sajid Ikram, Trade Commissioner, Global Affairs Canada 

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