4 international companies to settle in the digital district of Punggol, creating around 2,000 jobs, Economy News & Top Stories


SINGAPORE – Four international companies have confirmed plans to establish a base in the Punggol Digital District, an initiative that will create around 2,000 tech jobs, ranging from data analysts and solution engineers to artificial intelligence and blockchain developers .

Trade and Industry Minister Gan Kim Yong announced the four companies on Wednesday (July 28th), saying each “brings different expertise to the mix.”

They are: Delta Electronics Int’l (Singapore), specializing in intelligent life solutions; the robotic design company Boston Dynamics; the cybersecurity service provider Group-IB; and Wanxiang, which offers blockchain solutions.

Mr. Gan was speaking at an event at the Punggol Digital District site office. He said businesses would benefit from Singapore’s status as an open global hub for innovation, business and talent, while the neighborhood would also benefit from good jobs and opportunities for Singaporeans.

The event was also broadcast virtually.

The master plan for the 50 ha Punggol digital district was announced in 2018 and it will gradually open from 2024.

The new Singapore Institute of Technology (SIT) campus, which will serve more than 10,000 students and 500 academic staff, will be located in the neighborhood.

JTC said this means companies will have close access to SIT talent, while students will also benefit from an applied learning environment.

The neighborhood will also serve as a living laboratory for businesses, students and the public to test digital and smart living solutions.

For example, Group-IB – a partner of Interpol and Europol – will work with SIT to design and develop a virtual test environment suitable for young companies and start-ups to test the vulnerability of their solutions to cyber attacks.

The virtual system will have the capacity to test applications, solutions and systems against cyber threats.

The Punggol digital district was designed as a smart and sustainable mixed-use district. It was planned by JTC Corporation in accordance with the plans for the Smart Nation and Singapore’s digital economy.

JTC Managing Director Tan Boon Khai said that in addition to smart infrastructure, the focus is on building “a holistic ecosystem that fosters collaborative partnerships and innovation, which adds value to businesses. even before they settled in the district “.

“These partnerships between industry, universities and trade associations are exemplary of the environment we are building to accelerate innovation,” he added.

Mr. Gan said the digital economy is a beacon of hope for businesses around the world and essential to the economic success of Singaporeans and Singaporeans.

“The strong commercial interest and investment in Punggol Digital District is a testament to Singapore’s reputation as the region’s digital innovation hub,” he added.

Wanxiang Blockchain Executive Chairman Vincent Wang said of the company’s decision, “We see opportunities for cross-pollinating ideas and technological innovations between the district and our smart city projects in Hangzhou and Shanghai.

He added, “These programs support our efforts to engage and develop the community of digital technology learners, users and enthusiasts in Singapore. “


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