| ||Asia & Pacific countries ranked|
Regional leaders, such as Japan, China, South Korea and Singapore, are vying for supremacy in the communications sector. The numerous digital infrastructure investment opportunities are backed-up by strong regulatory frameworks and swift development capabilities in these countries.
Whilst China, Japan, South Korea and Singapore are among the global 5G frontrunners, some other Asian countries are still struggling with their 4G rollouts.
Belt and Road Initiative forging ahead?
A multibillion-dollar network of projects launched in October 2013 by Chinese president Xi Jinping, the China-backed Belt and Road Initiative (BRI) aims to build comprehensive terrestrial, maritime and digital routes, connecting the East with the West.
Perceived as the playground of China’s state-owned enterprises, due to some high-risk large infrastructure projects, the BRI has driven substantial investment in the APAC region.
The increasing emphasis on greening the BRI is contributing to the success of several renewable energy projects, as APAC investors are keen to tout their ESG credentials.
Multiple solar and wind generation schemes are already operational under the BRI, such as Pakistan’s 1GW Quaid-e-Azam solar park, 99MW Jhimpir wind farm and 49.5MW Dawood wind project in Pakistan, with more expected to come to the market over the next few years.