Keppel Urban Solutions, a wholly owned subsidiary of Singaporean conglomerate Keppel Corp., has signed an agreement with China’s Envision Group and the Chinese government to develop a smart city in Wuxi.
The Smart Internet of Things (IoT) City will rise in Xuelang Town, Taihu New City in Wuxi, a city near Shanghai in eastern China’s Jiangsu Province.
The non-binding memorandum of understanding (MOU) was signed by Ma Liang, Deputy Secretary-General of the Wuxi Municipal Committee of the CPC and Chairman of the Administrative Committee of Jiangsu Wuxi Economic Development Zone; Zhang Lei, Founder and CEO of Envision; and Cindy Lim, Managing Director of Keppel Urban Solutions.
The partners said in a statement that they intend to create a model smart city that can be replicated in other parts of the world and lead in China’s IoT and smart city transformation.
The vision is to house high-technology industries in the fields of artificial intelligence and IoT, as well as vibrant, connected and liveable urban spaces for the community.
"The new Smart IoT City will become a model for China-Singapore cooperation in the field of city-industry integration,” said Zhang.
Envision owns the world's largest Intelligent IoT Operating System, EnOS, currently managing 100GW of energy assets globally.
Zhang disclosed that through this operating system, the company will provide the foundation for digitization, and together with Keppel, attract global IoT enterprises, as well as nurture a smart and innovative ecosystem.
“We hope to define the future smart city with global partners and developers to turn the Smart IoT City from project to product and from plan to reality," he added.
Envision also intends to set up its Global AIoT Innovation Center in Taihu New City to congregate global top talents and develop a sustainable IoT platform for smart cities.
Keppel Urban Solutions, as an end-to-end master developer of urban developments, will leverage its expertise in infrastructure, energy, property, and connectivity to create urban solutions for live-work-play-learn model development.
The Wuxi municipal government, for its part, will provide government services and support to the development and operation of the project, according to Li.
The partners did not disclose a timeline for the project.