The agreement signifies the beginning of the development of approximately 6,000,000 sqm gross floor area (“GFA”) of prime commercial, industrial and residential complexes that will house many of the world’s leading technology companies.
Ideally situated on Jiangxinzhou which is 6.5 km from Nanjing’s city centre, the Eco High-Tech Island will be progressively completed in three phases and is Nanjing City’s largest foreign collaborative development. Slated as a platform for the sustainable development of high-tech, smart industries and services under an ecologically conscious environment, the Eco High-Tech Island will leverage the growing importance of achieving a balance between continued technological progress and environmental preservation.
This commercially-driven project is a key initiative under the auspices of the Singapore-Jiangsu Cooperation Council, a bilateral platform launched in November 2007 to promote cooperation between Singapore and Jiangsu. International Enterprise (IE) Singapore, the lead agency promoting the overseas growth of Singapore-based enterprises, had earlier signed a Memorandum of Understanding with the Nanjing Municipal People’s Government in November 2008 to jointly support the feasibility study of this Eco High-Tech Island led by Yanlord, Sembcorp and Surbana.
Said Mr Lee Yi Shyan, Minister of State for Trade & Industry and Manpower, and Vice Chairman of the Singapore-Jiangsu Cooperation Council, "The Singapore-Nanjing Eco High-Tech Island project will deepen the existing strong and close cooperation between Singapore and Jiangsu. The project is envisioned to render Jiangxinzhou a model for sustainable growth characterised by eco-friendly designs and knowledge industry development. Driven by the private sectors of both sides, the conception of the project has received strong support from the Singapore and Jiangsu governments through the Singapore-Jiangsu Cooperation Council. I urge the consortium companies to do their best to uphold Singapore's brand name in the development of the island, making it an icon that we will be proud of."
Mr Zhong Sheng Jian, Yanlord’s Chairman and Chief Executive Officer, said, “On behalf of Singapore Intelligent Eco Island Development Pte. Ltd., I would like to extend our deepest appreciation to the Singapore Government, Jiangsu Provincial Government and Nanjing Municipal Committee for their continued support of this project. The development of the Eco High-Tech Island is based on a shared vision of amalgamating the continued quest for technological and economical development with an efficient use of our environmental resources.