Singapore-Shandong deal will benefit local SMEs

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Singapore firms could benefit from a new airport city hub and a cruise terminal being built in the Chinese province of Shandong, said Minister of State for Trade and Industry Teo Ser Luck yesterday.

Besides possible collaborations in planning, design and commercial operations, Mr Teo added that “we hope to explore other cooperation areas from downstream sectors, including logistics, trade, residential development and others for the airport city hub”.

The hub is a 130 sq km development in the city of Qingdao that will include logistics facilities, hotels and malls, and be connected by highways and metro systems. It is due to be completed by 2018.

Mr Teo’s remarks came at a meeting of the Singapore-Shandong Business Council held at Shangri-La Hotel yesterday.

The event, which Shandong vice-governor Xia Geng also attended, saw 17 memorandums of understanding (MOUs) signed between government and private-sector entities from Singapore and Shandong.

A key agreement was struck between trade agency International Enterprise (IE) Singapore and the Qingdao Municipal People’s Government aimed at strengthening relations between Singapore and Qingdao, a major city in Shandong.

The two parties will look at collaborations across sectors, including environmental services, metro rail, a new cruise terminal and key projects such as the airport city hub.

The agreement aims to give small and medium-sized enterprises from Singapore the chance to participate in these large-scale projects.

The Singapore Manufacturing Federation, and local firms such as EtonHouse International Education Group and UES Holdings, the environmental engineering arm of United Engineers, also signed MOUs.

EtonHouse, which has 15 schools in China, will partner Jinan West-City Investment and Development Group to develop an international institute offering pre-school, primary and secondary school education.

EtonHouse managing director Ng Gim Choo said at the event yesterday: “The project will take at least three years to be completed. Parents there have told us that they will scrimp and save on everything just to give their children the very best.”

UES Holdings signed an MOU with the Liaocheng municipal government to look at environmental solutions and renewable energy such as biogas, and to design ways to treat corn and poultry waste. UES Holdings also agreed to help develop an eco-industrial park for the Liaocheng Economic and Technological Development Zone.

UES Holdings managing director Johnson Tang said: “We developed a wastewater treatment plant in the eco-industrial park about six years ago, and will be increasing its capacity.

“We saw the potential in the park and it is already running at full capacity. It has also expanded to have a high-tech area which is growing very fast.”

Source : International Enterprise (IE) Singapore | September 5, 2013

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