Latest news with #HKSARGovernment
Business Wire
15 hours ago
- Business
- Business Wire
AECOM to enhance mobility across the Greater Bay Area by delivering the Hong Kong Section of the Hong Kong–Shenzhen Western Rail Link (Hung Shui Kiu-Qianhai)
DALLAS--(BUSINESS WIRE)--AECOM (NYSE: ACM), the trusted global infrastructure leader, today announced that its joint venture with AtkinsRéalis has been awarded the consultancy agreement by the Highways Department of the HKSAR Government for the Hong Kong Section of the Hong Kong–Shenzhen Western Rail Link (Hung Shui Kiu-Qianhai) (HSWRL). This cross-boundary railway project, a key initiative under the Northern Metropolis Development Strategy, will significantly enhance connectivity across the Greater Bay Area, particularly between Hong Kong and Shenzhen. 'We're proud to support the Highways Department as it expands its world-class railway network for greater regional mobility,' said Mark Southwell, chief executive of AECOM's global Transportation business. 'Our teams have delivered some of Hong Kong's most transformative railway projects, and we look forward to applying our expertise as the world's top rail and mass transit firm to realize this complex infrastructure initiative.' HSWRL will contribute to a more sustainable urban environment while fostering economic integration, cultural exchange, improved accessibility across the region, and facilitating Hong Kong's better integration into national development. A trip from Hung Shui Kiu to Qianhai will only take approximately 15 minutes—an improvement that supports the development of a 'one-hour living circle' in the Greater Bay Area and facilitates cross-boundary commuting. 'This award reflects the global experience and deep sector knowledge that our integrated team brings to complex infrastructure projects,' said Ian Chung, chief executive of AECOM's Asia region. 'Having worked extensively on key projects in the region, we are honored to collaborate with the HKSAR Government on this vital cross-boundary link. By combining our technical excellence with a proven track record, we remain committed to achieving the highest standards for our clients.' The consultancy agreement covers investigation, design and construction for the approximately 7.3-kilometer Hong Kong Section of the HSWRL, which will connect Hung Shui Kiu to the boundary with Shenzhen. The full railway will span around 18.1 kilometers, including 10.8 kilometers in Shenzhen, comprehensively integrating metro networks across the western regions of both cities. To maximize efficiency, transparency and quality, the project will adopt a single Common Data Environment (CDE) and a unified Building Information Modeling (BIM) platform across all project stages, supporting collaboration and cost-effective, timely outcomes. The project is among the strategic transport initiatives highlighted in Hong Kong's 2023 Major Transport Infrastructure Development Blueprint. AECOM contributed to the development of this long-term vision through its involvement in the Strategic Studies on Railways and Major Roads beyond 2030, helping to shape the region's future transport network and advancing greater integration within the Greater Bay Area. In addition to this strategic support, AECOM has delivered high-profile railway projects across Hong Kong, including Hong Kong West Kowloon Station and Shatin to Central Link. About AECOM AECOM (NYSE: ACM) is the global infrastructure leader, committed to delivering a better world. As a trusted professional services firm powered by deep technical abilities, we solve our clients' complex challenges in water, environment, energy, transportation and buildings. Our teams partner with public- and private-sector clients to create innovative, sustainable and resilient solutions throughout the project lifecycle – from advisory, planning, design and engineering to program and construction management. AECOM is a Fortune 500 firm that had revenue of US$16.1 billion in fiscal year 2024. Learn more at Forward Looking Statements All statements in this communication other than statements of historical fact are 'forward-looking statements' for purposes of federal and state securities laws, including any statements of the plans, strategies and objectives for future operations, profitability, strategic value creation, capital allocation strategy including stock repurchases, risk profile and investment strategies, and any statements regarding future economic conditions or performance, and the expected financial and operational results of AECOM. Although we believe that the expectations reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include, but are not limited to, the following: our business is cyclical and vulnerable to economic downturns and client spending reductions; potential government shutdowns, changes in administration or other funding directives and circumstances that may cause governmental agencies to modify, curtail or terminate our contracts; losses under fixed-price contracts; limited control over operations that run through our joint venture entities; liability for misconduct by our employees or consultants; changes in government laws, regulations and policies, including failure to comply with laws or regulations applicable to our business; maintaining adequate surety and financial capacity; potential high leverage and inability to service our debt and guarantees; ability to continue payment of dividends; exposure to political and economic risks in different countries, including tariffs and trade policies, geopolitical events, and conflicts; inflation, currency exchange rates and interest rate fluctuations; changes in capital markets and stock market volatility; retaining and recruiting key technical and management personnel; legal claims and litigation; inadequate insurance coverage; environmental law compliance and adequate nuclear indemnification; unexpected adjustments and cancellations related to our backlog; partners and third parties who may fail to satisfy their legal obligations; managing pension costs; AECOM Capital real estate development projects; cybersecurity issues, IT outages and data privacy; risks associated with the benefits and costs of the sale of our Management Services and self-perform at-risk civil infrastructure, power construction and oil and gas businesses, including the risk that any purchase adjustments from those transactions could be unfavorable and result in any future proceeds owed to us as part of the transactions could be lower than we expect; as well as other additional risks and factors that could cause actual results to differ materially from our forward-looking statements set forth in our reports filed with the Securities and Exchange Commission. Any forward-looking statements are made as of the date hereof. We do not intend, and undertake no obligation, to update any forward-looking statement.
The Sun
30-06-2025
- Business
- The Sun
Hong Kong: Bridging Business Opportunities under the Belt and Road Initiative
HONG KONG SAR - Media OutReach Newswire - 30 June 2025 - As a global trade and financial centre and a key link in the Belt and Road Initiative (B&RI), Hong Kong plays a pivotal role in connecting the Belt and Road regions, spanning some 150 countries around the world. Hong Kong's external trade with Belt and Road economies other than Mainland China has surged by almost 78 per cent (3.2 times the growth rate of Hong Kong's trade with all economies) between 2013 and 2024. Tapping into this huge potential is a strong focus of the Hong Kong Special Administrative Region (HKSAR) Government, including arranging outbound business missions to Belt and Road countries/regions as well as inviting global policymakers, business leaders, investors and academics to attend the annual flagship Belt and Road Summit in the city. The HKSAR's Chief Executive John Lee has so far led high-level delegation visits to four of the six Gulf Cooperation Council countries, most recently Kuwait and Qatar, as well as six of the 10 Member States of ASEAN, which is Hong Kong's second largest trading partner. And, just last week, the Belt and Road Office (BRO) under the Commerce and Economic Development Bureau of the HKSAR Government led an infrastructure and construction mission to Indonesia and Malaysia (22-26 June 2025). These visits strengthen government-to-government relations, connect project owners with investors, and promote Hong Kong's unique advantages under 'one country, two systems', including the city's common law system and free flows of capital and talent. They also foster partnership opportunities by highlighting Hong Kong's professional services expertise in areas ranging from engineering, architecture and surveying to design, legal and financial services. One such company is Hong Kong green technology start-up i2Cool, which has introduced its cooling systems to the United Arab Emirates, securing a deal to apply its i2Coating to the Dubai Mall's rooftop. This helped the shopping mall achieve a 20% reduction in air-conditioning energy consumption. During last week's mission to Indonesia and Malaysia, i2Cool signed memoranda of understanding (MOUs) with local partners. Meanwhile, a Hong Kong firm is investing in a data centre in the Indonesian capital Jakarta, leveraging opportunities in digital infrastructure to contribute to the development of the Digital Silk Road in promoting connectivity. The Tier III hyperscale facility is capable of handling a huge amount of data safely and securely, with an initial 20MW IT load. Equipped with advanced security measures and round-the-clock monitoring and support, the data centre can promptly identify and resolve any potential problems, minimising downtime and optimising business productivity. The HKSAR Government and its Belt and Road Office helped to make the business connections with local partners through networking events. The project highlights Hong Kong's role as a 'super connector' and 'super value-adder' in influential deal-making. Professional services thrive in Hong Kong, thanks to the city's robust legal system and the rule of law. Hong Kong is the only common law jurisdiction within China, which means that the legal regime in the business realm resembles that of many major global financial centres. As such, the newly established International Organization for Mediation (IOMed) will have its headquarters in Hong Kong. IOMed will become the world's first intergovernmental international legal organisation dedicated to resolving international disputes through mediation. It will provide a pathway for countries along the B&RI and beyond - regardless of culture, language and legal system - to resolve international disputes based on mutual respect and understanding. Meanwhile, Hong Kong is gearing up to host the 10th edition of the Belt and Road Summit in September (10-11 September, 2025). The Summit gathers senior government officials and business leaders from countries and regions along and beyond the Belt and Road to exchange insights on multilateral co-operation and explore concrete business opportunities. Last year's summit welcomed more than 6,000 attendees from around the world, including over 90 high-profile speakers. The event also arranged over 800 one-to-one business matching meetings and featured over 110 exhibitors, creating business opportunities throughout the Belt and Road regions. Thousands of policymakers, business leaders, investors and academics attend the annual Belt and Road Summit.
Zawya
30-06-2025
- Business
- Zawya
Hong Kong: Bridging Business Opportunities under the Belt and Road Initiative
HONG KONG SAR - Media OutReach Newswire - 30 June 2025 - As a global trade and financial centre and a key link in the Belt and Road Initiative (B&RI), Hong Kong plays a pivotal role in connecting the Belt and Road regions, spanning some 150 countries around the world. Hong Kong's external trade with Belt and Road economies other than Mainland China has surged by almost 78 per cent (3.2 times the growth rate of Hong Kong's trade with all economies) between 2013 and 2024. Tapping into this huge potential is a strong focus of the Hong Kong Special Administrative Region (HKSAR) Government, including arranging outbound business missions to Belt and Road countries/regions as well as inviting global policymakers, business leaders, investors and academics to attend the annual flagship Belt and Road Summit in the city. The HKSAR's Chief Executive John Lee has so far led high-level delegation visits to four of the six Gulf Cooperation Council countries, most recently Kuwait and Qatar, as well as six of the 10 Member States of ASEAN, which is Hong Kong's second largest trading partner. And, just last week, the Belt and Road Office (BRO) under the Commerce and Economic Development Bureau of the HKSAR Government led an infrastructure and construction mission to Indonesia and Malaysia (22-26 June 2025). These visits strengthen government-to-government relations, connect project owners with investors, and promote Hong Kong's unique advantages under "one country, two systems", including the city's common law system and free flows of capital and talent. They also foster partnership opportunities by highlighting Hong Kong's professional services expertise in areas ranging from engineering, architecture and surveying to design, legal and financial services. One such company is Hong Kong green technology start-up i2Cool, which has introduced its cooling systems to the United Arab Emirates, securing a deal to apply its i2Coating to the Dubai Mall's rooftop. This helped the shopping mall achieve a 20% reduction in air-conditioning energy consumption. During last week's mission to Indonesia and Malaysia, i2Cool signed memoranda of understanding (MOUs) with local partners. Meanwhile, a Hong Kong firm is investing in a data centre in the Indonesian capital Jakarta, leveraging opportunities in digital infrastructure to contribute to the development of the Digital Silk Road in promoting connectivity. The Tier III hyperscale facility is capable of handling a huge amount of data safely and securely, with an initial 20MW IT load. Equipped with advanced security measures and round-the-clock monitoring and support, the data centre can promptly identify and resolve any potential problems, minimising downtime and optimising business productivity. The HKSAR Government and its Belt and Road Office helped to make the business connections with local partners through networking events. The project highlights Hong Kong's role as a "super connector" and "super value-adder" in influential deal-making. Professional services thrive in Hong Kong, thanks to the city's robust legal system and the rule of law. Hong Kong is the only common law jurisdiction within China, which means that the legal regime in the business realm resembles that of many major global financial centres. As such, the newly established International Organization for Mediation (IOMed) will have its headquarters in Hong Kong. IOMed will become the world's first intergovernmental international legal organisation dedicated to resolving international disputes through mediation. It will provide a pathway for countries along the B&RI and beyond - regardless of culture, language and legal system - to resolve international disputes based on mutual respect and understanding. Meanwhile, Hong Kong is gearing up to host the 10 th edition of the Belt and Road Summit in September (10-11 September, 2025). The Summit gathers senior government officials and business leaders from countries and regions along and beyond the Belt and Road to exchange insights on multilateral co-operation and explore concrete business opportunities. Last year's summit welcomed more than 6,000 attendees from around the world, including over 90 high-profile speakers. The event also arranged over 800 one-to-one business matching meetings and featured over 110 exhibitors, creating business opportunities throughout the Belt and Road regions. Hashtag: #hongkong #brandhongkong #asiasworldcity #beltandroad #B&R The issuer is solely responsible for the content of this announcement. Information Services Department, Hong Kong SAR Government
Malay Mail
30-06-2025
- Business
- Malay Mail
Hong Kong: Bridging Business Opportunities under the Belt and Road Initiative
The Commissioner for Belt and Road, Mr Nicholas Ho, led a delegation to visit Indonesia and Malaysia last week. Thousands of policymakers, business leaders, investors and academics attend the annual Belt and Road Summit. HONG KONG SAR - Media OutReach Newswire - 30 June 2025 - As a global trade and financial centre and a key link in the Belt and Road Initiative (B&RI), Hong Kong plays a pivotal role in connecting the Belt and Road regions, spanning some 150 countries around the Kong's external trade with Belt and Road economies other than Mainland China has surged by almost 78 per cent (3.2 times the growth rate of Hong Kong's trade with all economies) between 2013 and into this huge potential is a strong focus of the Hong Kong Special Administrative Region (HKSAR) Government, including arranging outbound business missions to Belt and Road countries/regions as well as inviting global policymakers, business leaders, investors and academics to attend the annual flagship Belt and Road Summit in the HKSAR's Chief Executive John Lee has so far led high-level delegation visits to four of the six Gulf Cooperation Council countries, most recently Kuwait and Qatar, as well as six of the 10 Member States of ASEAN, which is Hong Kong's second largest trading just last week, the Belt and Road Office (BRO) under the Commerce and Economic Development Bureau of the HKSAR Government led an infrastructure and construction mission to Indonesia and Malaysia (22-26 June 2025).These visits strengthen government-to-government relations, connect project owners with investors, and promote Hong Kong's unique advantages under "one country, two systems", including the city's common law system and free flows of capital and talent. They also foster partnership opportunities by highlighting Hong Kong's professional services expertise in areas ranging from engineering, architecture and surveying to design, legal and financial such company is Hong Kong green technology start-up i2Cool, which has introduced its cooling systems to the United Arab Emirates, securing a deal to apply its i2Coating to the Dubai Mall's rooftop. This helped the shopping mall achieve a 20% reduction in air-conditioning energy consumption. During last week's mission to Indonesia and Malaysia, i2Cool signed memoranda of understanding (MOUs) with local a Hong Kong firm is investing in a data centre in the Indonesian capital Jakarta, leveraging opportunities in digital infrastructure to contribute to the development of the Digital Silk Road in promoting connectivity. The Tier III hyperscale facility is capable of handling a huge amount of data safely and securely, with an initial 20MW IT load. Equipped with advanced security measures and round-the-clock monitoring and support, the data centre can promptly identify and resolve any potential problems, minimising downtime and optimising business productivity. The HKSAR Government and its Belt and Road Office helped to make the business connections with local partners through networking events. The project highlights Hong Kong's role as a "super connector" and "super value-adder" in influential services thrive in Hong Kong, thanks to the city's robust legal system and the rule of law. Hong Kong is the only common law jurisdiction within China, which means that the legal regime in the business realm resembles that of many major global financial such, the newly established International Organization for Mediation (IOMed) will have its headquarters in Hong Kong. IOMed will become the world's first intergovernmental international legal organisation dedicated to resolving international disputes through mediation. It will provide a pathway for countries along the B&RI and beyond - regardless of culture, language and legal system - to resolve international disputes based on mutual respect and Hong Kong is gearing up to host the 10edition of the Belt and Road Summit in September (10-11 September, 2025). The Summit gathers senior government officials and business leaders from countries and regions along and beyond the Belt and Road to exchange insights on multilateral co-operation and explore concrete business year's summit welcomed more than 6,000 attendees from around the world, including over 90 high-profile speakers. The event also arranged over 800 one-to-one business matching meetings and featured over 110 exhibitors, creating business opportunities throughout the Belt and Road #hongkong #brandhongkong #asiasworldcity #beltandroad #B&R The issuer is solely responsible for the content of this announcement.
Arabian Post
30-06-2025
- Business
- Arabian Post
Hong Kong: Bridging Business Opportunities under the Belt and Road Initiative
HONG KONG SAR – Media OutReach Newswire – 30 June 2025 – As a global trade and financial centre and a key link in the Belt and Road Initiative (B&RI), Hong Kong plays a pivotal role in connecting the Belt and Road regions, spanning some 150 countries around the world. Hong Kong's external trade with Belt and Road economies other than Mainland China has surged by almost 78 per cent (3.2 times the growth rate of Hong Kong's trade with all economies) between 2013 and 2024. Tapping into this huge potential is a strong focus of the Hong Kong Special Administrative Region (HKSAR) Government, including arranging outbound business missions to Belt and Road countries/regions as well as inviting global policymakers, business leaders, investors and academics to attend the annual flagship Belt and Road Summit in the city. The HKSAR's Chief Executive John Lee has so far led high-level delegation visits to four of the six Gulf Cooperation Council countries, most recently Kuwait and Qatar, as well as six of the 10 Member States of ASEAN, which is Hong Kong's second largest trading partner. ADVERTISEMENT And, just last week, the Belt and Road Office (BRO) under the Commerce and Economic Development Bureau of the HKSAR Government led an infrastructure and construction mission to Indonesia and Malaysia (22-26 June 2025). The Commissioner for Belt and Road, Mr Nicholas Ho, led a delegation to visit Indonesia and Malaysia last week. These visits strengthen government-to-government relations, connect project owners with investors, and promote Hong Kong's unique advantages under 'one country, two systems', including the city's common law system and free flows of capital and talent. They also foster partnership opportunities by highlighting Hong Kong's professional services expertise in areas ranging from engineering, architecture and surveying to design, legal and financial services. One such company is Hong Kong green technology start-up i2Cool, which has introduced its cooling systems to the United Arab Emirates, securing a deal to apply its i2Coating to the Dubai Mall's rooftop. This helped the shopping mall achieve a 20% reduction in air-conditioning energy consumption. During last week's mission to Indonesia and Malaysia, i2Cool signed memoranda of understanding (MOUs) with local partners. Meanwhile, a Hong Kong firm is investing in a data centre in the Indonesian capital Jakarta, leveraging opportunities in digital infrastructure to contribute to the development of the Digital Silk Road in promoting connectivity. The Tier III hyperscale facility is capable of handling a huge amount of data safely and securely, with an initial 20MW IT load. Equipped with advanced security measures and round-the-clock monitoring and support, the data centre can promptly identify and resolve any potential problems, minimising downtime and optimising business productivity. The HKSAR Government and its Belt and Road Office helped to make the business connections with local partners through networking events. The project highlights Hong Kong's role as a 'super connector' and 'super value-adder' in influential deal-making. Professional services thrive in Hong Kong, thanks to the city's robust legal system and the rule of law. Hong Kong is the only common law jurisdiction within China, which means that the legal regime in the business realm resembles that of many major global financial centres. ADVERTISEMENT As such, the newly established International Organization for Mediation (IOMed) will have its headquarters in Hong Kong. IOMed will become the world's first intergovernmental international legal organisation dedicated to resolving international disputes through mediation. It will provide a pathway for countries along the B&RI and beyond – regardless of culture, language and legal system – to resolve international disputes based on mutual respect and understanding. Meanwhile, Hong Kong is gearing up to host the 10th edition of the Belt and Road Summit in September (10-11 September, 2025). The Summit gathers senior government officials and business leaders from countries and regions along and beyond the Belt and Road to exchange insights on multilateral co-operation and explore concrete business opportunities. Thousands of policymakers, business leaders, investors and academics attend the annual Belt and Road Summit. Last year's summit welcomed more than 6,000 attendees from around the world, including over 90 high-profile speakers. The event also arranged over 800 one-to-one business matching meetings and featured over 110 exhibitors, creating business opportunities throughout the Belt and Road regions. Hashtag: #hongkong #brandhongkong #asiasworldcity #beltandroad #B&R The issuer is solely responsible for the content of this announcement.
