Why we are investing in a partnership in Southeast Asia
Asia is one of the most dynamic and rapidly growing markets in the world. With a combined population of more than 4.6 billion1, the region is expected to contribute to approximately 60 percent of global growth over the next ten years. Although economies are at varying stages of development, there is a shared story of emergence.
Southeast Asia has massive potential from a growing middle class with significant spending power, in addition to rapid urbanisation and advancements in digital technology.
The promising outlook for this part of the world squares well with Mace Consult’s ambitious plans for expansion, as set out in our 2026 business strategy. We see the opportunity for our business to grow our footprint and help transform the built environment across Southeast Asia (and beyond), but we also appreciate that every market is unique, with its own set of complexities.
This why our newly formed partnership with Tenman Project Management (Tpm) is an exciting step forward for Mace internationally. As MaceTpm, we can leverage our combined knowledge and push the boundaries on project delivery in dynamic regions where unparalleled local expertise and the backing of a global organisation will make all the difference.
Aspirations. Ambitions. Adventure.
Anyone who has conducted business in Asia will tell you that success hinges largely on language skills and a keen awareness around each country’s cultural customs and operating environment. Even with the best will in the world, for a region this diverse and dynamic, there’s not a one-size-fits-all solution. Teaming up with a highly capable organisation like Tpm, which has a phenomenal track record in the project management of large integrated resorts and gaming in Southeast Asia, we can draw on each other’s strengths and build on the unity of our two businesses.
These are thrilling times. At the heart of the MaceTpm partnership sit local knowhow and global best practice. MaceTpm will facilitate market entry for Mace in the Philippines and enable us to consolidate our offer in Vietnam, Macau and Singapore. With a full offering of project, programme and advisory services to clients on large masterplan developments within the integrated resorts sector, and by leveraging Mace’s physical and social infrastructure expertise, our talented teams will provide certainty around process and procedures crucial to success in every sector.
Tapping into tourism
Since the start of the new millennium, the rapidly emerging Asian middle-class' preference for travel has led to significant growth in the integrated resort sector in Southeast Asia as well as Japan and China. Once global and regional travel can resume, this trend is expected to continue, and tourism infrastructure will help kickstart economies following the pandemic.
Tpm enjoys a fantastic reputation in the integrated resort space in its stronghold the Philippines, as well as in Singapore, Hong Kong and Macau. Given the positive outlook for post-pandemic tourism in Asia, we feel strongly that MaceTpm can make a difference by delivering service excellence and transforming project delivery in this space. It’s fair to say that the proof is in the pudding. Having collaborated successfully on the iconic Marina Bay Sands in Singapore and The Venetian in Macau, we know that the positive synergy between our organisations is there.
The pipeline for social and physical infrastructure projects across Asia is huge. Roads, railways and ports are just a few of the crucial must-haves on the agenda. Figures indicate that an investment of US$26 trillion is needed between 2016 and 2030 (which equates to US$1.7 trillion per year).2 There is a lot of work to be done, and a large part of the funding for these projects will come from private investors.
Against this backdrop, based on Tpm’s exceptional regional expertise and Mace’s experience from major programmes worldwide, we look forward to playing an integral role in the delivery of vital infrastructure in Asia. MaceTpm consultants will work hand in hand with partners and supply chains to empower each region with new opportunities and support economic advancement.
The fruition of the large pipeline of infrastructure projects will ensure that Asia doesn’t lose its momentum for growth and that efforts to combat poverty and climate change can be accelerated. Ultimately, for a partnership like ours, success will be measured by how well we unlock the potential of our talented people and enhance the dynamic communities in which we serve.