Singapore and China have teamed up on the development of smart cities opening up new opportunities for local enterprises.
Both nations have signed a Memorandum of Understanding (MOU) for a new 'Smart City Twinning' initiative that opens several opportunities for infocomm industries to collaborate in Singapore and China's smart city development.
Collaboration opportunities will be present in various sectors including Intelligent Transport, Smart Education and Smart Environment Management.
Local enterprises can also look forward to opportunities in Cloud Computing, Mobile Internet and the 'Internet of Things' for smart city building.
"Information Technology is the backbone of any smart city, and the amount of data being created every day continues to explode. As a result, it becomes even more critical that we focus on innovations in how we Capture, Move and Interpret that data in ways that allow us to improve the lives of our citizens," said Steve Leonard, executive deputy chairman of IDA.
Mutual sharing of ideas
Covering mutual sharing of ideas and solutions, the MOU was signed between the Infocomm Development Authority of Singapore (IDA), International Enterprise (IE) Singapore and Suzhou Industrial Park Administrative Committee (SIPAC).
The agreement also covers creating a pool of expertise by organising joint smart city forums, business-matching events and networking sessions for professionals in the infocomm industry.
Enterprises in China and Singapore will follow an open and innovative procurement model enabling them to demonstrate their capabilities in smart city technology.
In addition, governments of both nations will test out these innovative solutions before deploying them in other cities or districts.
The pilot and trial of the smart and sustainable solutions will be held at the Sino-Singapore Suzhou Industrial Park (SIP), known as one of the pioneers in smart city building.
"SIP is excited to have been chosen as a pilot Smart City by the Ministry of Housing and Rural-Urban Development (MOHURD)," said Barry Yang, chairman of SIPAC. "Since SIPAC identified 'Informatisation' as an enabler in achieving modernisation in 2008, we have put in place a series of initiatives to bring SIP to the forefront of smart city development in China."