In November 2018, ASEAN leaders adopted the ASEAN Sustainable Urbanisation Strategy (ASUS) and the ASEAN Smart Cities Network (ASCN) to drive the development of smart and sustainable cities.
However, while there is plenty demand for smart and sustainable solutions across ASEAN cities, there are key barriers, particularly on implementation capacity, keeping projects from happening. Many cities lack the technical capacity to develop project concepts they can use to engage funders and have limited understanding of solutions available.
On the supply side, there is a vibrant ecosystem of smart city solution providers in ASEAN. Yet, providers complain about the lack of a pipeline of projects and limited information on available opportunities. Further, the region is lacking networks with a heavy private sector involvement.
AlphaBeta, a strategy and economics advisory firm, is trying to address this matching problem. To do so, AlphaBeta has conducted a series of research projects, facilitated by our network of partners with the ultimate goal of creating new channels for private sector to more effectively engage cities.
This session will provide insights, on how the gap between demand and supply can be addressed and a pipeline of viable, bankable and implementable smart city projects can be established.