Keppel Urban Solutions, digital energy player Envision and the Wuxi government signed a non-binding memorandum of understanding to develop a smart internet of things (IoT) city, including an industrial park, in XuelangTown, Tiahu New City, in Wuxi, China, it said in a filing to SGX before the market open on Thursday.
“The intention is for the new Smart IoT City to serve as an exemplary integrated urban development and industrial transformation model for the future digital economy and IoT era,” the filing said.
It added that the project would aim to serve technology companies in the artificial intelligence (AI) and IoT fields as well as create “liveable” urban spaces.
Zhang Lei, founder and CEO of Envision, said in the statement that the aim was to create a “living lab” for AI and IoT.
“Envision will provide the foundation for digitisation, and together with Keppel, attract global IoT enterprises, as well as nurture a smart and innovative ecosystem,” Zhang said.
Zhang said the project would use his company’s product, the IoT operating system EnOS.
Envision will also set up a global AIoT innovation center in Taihu New City, with plans for research and development to develop an IoT platform for smart cities.
Loh Chin Hua, CEO of Keppel Corp., said the project would work to create a “world-class live-work-play-learn model development.”
“The Keppel Group has a strong track record in masterplanning and developing large-scale urban projects, leveraging our expertise in infrastructure, energy, property and connectivity,” Loh said in the statement.
Keppel Urban Solutions is a wholly owned subsidiary of Keppel Corp., it said.