Belt and Road Initiative

Abstract

With the aim of the Belt and Road Initiative in search of synergies with participating countries, infrastructure development projects are expected to arise incrementally and will be adapted accordingly to fulfil local regulatory requirements and needs. Malaysia embraces opportunities brought by the Belt and Road Initiative by penetrating deeper into overseas market with the availability of rail lines that will drive connectivity and foster economic growth. The potential of the Belt and Road Initiative lies not just within the infrastructure sector, but also offers plenty of opportunities for human capital development, which made available through technology transfer and knowledge sharing arising from the cooperation between China and Malaysia. While it is believed that Malaysia will experience a strong growth, this motion definitely requires a high level of mutual cooperation, understanding, and trust in managing regulatory, political, and financial risks, as well as challenges involved.