THE ASIAN CONSTITUENCIES
In an environment of rapid change, Asia is on high energy, forging alliances both internally and with other regions of the world, creating vibrant new partnerships and cementing old important ones. With Asia as the rising epicentre of the global business world and constantly in the global spotlight, the ABLF Awards epitomizes the values of ancient Asia as well as the modern business-scape.
The ABLF Awards 2011 showcases and celebrates visionary leadership from the three dynamic regions of the Asian juggernaut.
THE GULF
The Gulf Corporation Council bloc, which consists of Saudi Arabia, Kuwait, Bahrain, Qatar, the United Arab Emirates and the Sultanate of Oman, accounts for 40 percent of global oil reserves and 25 percent of natural gas reserves. About US$ 2.5 trillion worth of infrastructure projects are either under way in the Gulf region, or are in the pipeline. The youth constitutes more than one-third of the region's population and half the region's working age population, providing potential for increased economic growth, which is being tapped through enormous investment in human capital development and strengthening of a knowledge economy. Relatively untouched by the political unrest in the Arab world, the Gulf is bound to remain an engine of wealth creation, encouraging local and foreign investors to continue pursuing investment opportunities in the region.
INDIA
India, a vital part of the elite trillion-dollar economy club, has coped well following the global meltdown. It has weathered the storm better because of strong economic fundamentals and the presence of the world's biggest middle class. Growing at nearly eight percent per annum, India has not only bolstered South Asia's growth, but is playing a key role in rebalancing the global economy. Its true potential could be measured not just by what it has accomplished so far, but what it strives to achieve in future. As the fourth largest economy in the world in terms of purchasing power parity, India is soon shaping up to be the fourth largest consumer of energy. Powered by its wealth of human resources and vibrant knowledge economy, this indicates its extraordinary economic momentum.
SOUTH-EAST ASIA
With a population of about 600 million, the South-East Asian countries, as represented by the Association of South-East Asian Nations (ASEAN), include Indonesia, Malaysia, the Philippines, Singapore, Thailand, Brunei, Myanmar, Cambodia, Laos, and Vietnam. With a combined nominal GDP of more than US$ 1.8 trillion in 2010, ASEAN - if designated as a country - would rank as the ninth largest economy in the world in terms of nominal GDP. With rich natural resources, skilled labour, and an export industry concentrated in global high-growth sectors, South-East Asia is a dream destination for investors. With China, India and the Gulf countries pursuing ASEAN members to further their economic growth, the South-East Asian countries are likely to remain economic powerhouses by their own right. In addition, they are likely to play a key role in realizing the potential of an Asian economic community.
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LATEST NEWS
Aug 17 - H.E. Kamal Nath, Minister of Commerce, Govt. of India launches the ABLF Web Portal setting in motion the nomination process of the awards.