ISIB Sponsored European International Contractors’ Autumn Conference

ISIB continues to sponsor the biannual conferences organized by European International Contractors (EIC), the highest representative body of the European Construction Sector.

EIC’s (European International Contractors) General Assembly and the Autumn Conference 2017 were held on 12-13 October 2017 in Paris, France. The overarching theme of the events was “The Global Infrastructure Funding Gap”.

The Conference brought together high-level speakers who delivered speeches outlining the infrastructure gap in different parts of the world. Potential ways of overcoming the financial gap to achieve the 2030 Sustainable Development Goals were also discussed in the conference.

Participants to the Conference emphasized that the global infrastructure investment need, according to OECD estimates, will be at least USD 70 trillion until 2030. This need amounts to USD 8 trillion in Asian countries only, whereas an infrastructure investment worth USD 1.5 trillion must be made in the developed countries to ensure sustainable development.

It was also underlined during the Conference that world population will rise to 9.7 billion in 2050, and that estimated short and mid-term statistics clearly show the growing need for infrastructure investments in developing countries. The participants also stated that for financing mega projects, alternative ways of financing other that state funding must be sought. Diversification of projects according to needs and reduction of costs down to reasonable levels were also identified as a necessity. Conference proceedings can be accessed via http://www.eic-federation.eu/assembly/workshop_speakers/.

Within the framework of the biannual conferences, organized every year in April and October, the Contractors’ Unions from 15 countries including Turkey come together with the company representatives to discuss the latest challenges and opportunities in the construction sector.

ISIB previously attended the conferences held in Berlin, Brussels and Copenhagen and promoted Turkish HVACR sector.