Investment Opportunities In Asian "Smart Cities"

Growing “smart cities” in Asia are seeing rapidly increasing opportunities for UK construction

London, UK (Pryce Warner International) February 14th, 2012 – Opportunities for UK construction companies in rapidly growing Asian cities like Singapore and Hong Kong are “immediate and sustainable” according to a new report.

The report published by the UK Trade & Industry showed that a number of “smart cities” across Asia are showing strong interest in green building technology and retrofitting. In addition to Hong Kong and Singapore, the report noted that Indonesia, Japan, Malaysia, the Philippines, South Korea, Taiwan, Thailand and Vietnam all hold strong invest opportunities.

Carried out by Frost & Sullivan, the report defined a “smart city” as one that achieved high levels of sustainable business development by integrating ICT and other technologies into every level of their business. The report also estimated that 20 such cities will exist worldwide by 2020.

Ed Baker, a Singapore-based director of architect firm Broadway Malyan, affirmed that British regeneration and low-carbon expertise was in high demand in these areas.

Mr Baker also took a delegation of Chinese planners to London, on which he commented: “The delegation was very keen to know about regeneration, applying green principles and the move towards a knowledge-based economy”.

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By Aneil Fatania
Financial Editor
Pryce Warner International Group
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