ICE host Chinese at Birmingham investment event

On 21 Oct at One Great George Street, Greater Birmingham civic leaders outlined over £1 billion of investment opportunities to some of China’s largest contractor organisations, developers and investors at a special Birmingham investment showcase.

Birmingham’s ‘golden handshake’ with Mr Fang, Chairman of CHINCA
Birmingham’s ‘golden handshake’ with Mr Fang, Chairman of CHINCA

The event, organised by UK Trade & Investment, Regeneration Investment Organisation (UKTI RIO), during President Xi Jinping state visit to London was hosted by Dr Colin Clinton, Head of China Business UKTI RIO and former ICE President.

Secretary of State for Transport Patrick McLoughlin MP, Sir Albert Bore (Leader of Birmingham City Council (BCC)),Cllr Bob Sleigh, (Chair of the West Midlands Combined Authority and Leader of Solihull Metropolitan Borough Council), Mark Rogers (Chief Executive of BCC) and Waheed Nazir (Director of Regeneration, BCC) gave presentations to an audience of 40 investors and representatives from the China International Contractors Association (CHINCA).

Molly McKenzie (Regional Director, ICE East Midlands & West Midlands) welcomed the Birmingham delegation and investors from the Chinese engineering sector to the event and said: "To demonstrate ICE's commitment to developing relationships with Chinese engineers ICE and CHINCA signed a deal on 24th September in Chengdu as part of Chancellor George Osborne's recent visit to China. The deal now enables Chinese and UK companies to take part in a special exchange programme to develop new skills and insight into each country's infrastructure development." We welcome the chance to collaborate with Chinese companies who want to invest in our region."

The Secretary of State for Transport commented:

"We are investing record amounts in transport infrastructure to bring the country together and secure our future prosperity. Greater Birmingham is an excellent example of this sort of investment taking effect.

"Only last month Birmingham New Street station opened after a £750 million redevelopment, which is creating better journeys for passengers as well as having a huge impact on businesses and the local community.

Greater Birmingham will be at the heart of the HS2 network, creating huge opportunities for jobs, growth and investment."

Sir Albert Bore said:

"It's clear that HS2 provides one of the UK's greatest opportunities for foreign investors, and we intend to realise its full potential here in Greater Birmingham. As the heart of the UK's future rail industry, we have so much to offer Chinese investors.

Greater Birmingham will be the only UK region to have two HS2 terminals, along with HS2's construction headquarters, while the National College for High Speed Rail will be producing a new generation of talented engineers here."

The presentations were followed by a networking session giving Chinese investors a chance to forge links with ICE regional representatives and Greater Birmingham delegates and explore opportunities for collaboration.