Further Collaboration, More Opportunities in Singapore-Sichuan Hi-Tech Innovation Park

CHENGDU, China, May 8, 2012 /PRNewswire-Asia/ -- Singapore-Sichuan Hi-Tech Innovation Park lays the foundation in Chengdu, the capital city of Sichuan province, Southwest China.

(Photo: http://photos.prnewswire.com/prnh/20120508/CN02960)

Covering 10.34 square kilometers planning construction area at the South Park of Chengdu High Tech Development Zone (CDHT), the completion of the overall project is targeted by 2020. The total investment amounts to over 100 billion RMB, while the direct investment of the joint venture company programs archives more than 20 billion RMB.

In the construction period, Singapore Temasek Ltd will take the lead in the operation, which will comprehensively rely on the present industrial foundation and open atmosphere of Chengdu as well as the advanced managerial experience and operation mode of Singapore. It is expected to integrate modern manufacturing, modern services and modern living, which turns the new park into a green community, a major regional business hub and a gateway for businesses expanding into West China. Specifically, the cooperation will focus on IT, digital media, biomedical, education, banking & finance and etc. It is said that more than 120,000 people will choose to work and live there in future.

The construction of Singapore-Sichuan Hi-Tech Innovation Park marks a historical milestone in further collaboration between Sichuan and Singapore. This is not only the first large-model cooperation in inland China with Singapore, but also the newly major starting project in Chengdu-Chongqing economic zone and Tianfu New Zone, largely supported by both Chinese and the Singapore government.

A new report shows that Singapore's investment in Sichuan, in the recent five years, has reached a tremendous growth, while the trade volume of both sides has increased by 5.5 times. Today, Singapore stays the fourth largest foreign investor in Sichuan and the very important trade partner from Southeast Asia.

Chengdu-Chongqing economic zone and Tianfu New Zone are fully prepared for the further collaboration in Singapore-Sichuan Hi-Tech Innovation Park. Possibly sharing the same reason with 2013 Fortune Global Forum, Singapore chooses Chengdu for its vast potentials and the unprecedented expansion of western China market. While, China's new round of "Go West" strategy, undoubtedly, will speed up the development, bringing more opportunities for Sichuan, China, Singapore and the rest of the world.

Liu Qibao, secretary of the CPC Sichuan Provincial Committee, and Jiang Jufeng, deputy secretary of the CPC Sichuan Provincial Committee, Governor of Sichuan Province joined other officials in taking part in the groundbreaking launch of the project. Also there were Lim Swee Say, minister of Prime Minister's Office of Singapore, secretary-general in Singapore National Trade Union Congress, Wong Kan Seng, special advisor for Economic Cooperation to the Prime Minister of Singapore, and Fock Siew Wah, group chairman of PSA International Pte Ltd and chairman of Singapore Sichuan Investment Holding Pte Ltd.

SOURCE Chengdu High-tech Industrial Development Zone