Singapore real estate: SSTEC to develop China’s first eco-business par - June 08 News

Singapore real estate: SSTEC to develop China’s first eco-business par - June 08 News

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SSTEC to develop China’s first eco-business park


by Khalil Adis

Sino-Singapore Tianjin Eco-City Investment and Development Co., Ltd (SSTEC) will be developing the first eco-business park of its kind in China in Tianjin Eco-City’s Start-Up Area for an estimated total investment of RMB2 billion, to be ready in five to six years time.



Called the Eco-Business Park, it will occupy approximately 30 hectares of land and is expected to be the base for global eco-businesses in the Tianjin Binhai New Area and the Bohai Rim.



SSTEC said the Eco-Business Park will “serve Northern China’s growing need for clean technologies and sustainable urban solutions”.



The Eco-Business Park will capitalise on Tianjin Eco-City´s positioning, which SSTEC said, will attract global clean technology and green R&D companies as well as high value-added services such as business process outsourcing (BPO) companies which have low carbon footprint.



SSTEC expects the business park to create over 15,000 white collar jobs which will attracts new residents and generate more economic spin-offs.



The groundbreaking ceremony of the Eco-Business Park was officiated by Mah Bow Tan, Singapore’s Minister for National Development and Huang Xingguo, Deputy Party Secretary of the Communist Party of China (CPC) Tianjin Municipal Committee and Mayor of Tianjin Municipality.