KUALA LUMPUR, Nov 7 (Bernama) -- The China-Singapore Guangzhou Knowledge City (CSGKS) will be able to attract more innovative high-tech enterprises from Singapore and other countries following the recent signing of the memorandum of understanding (MoU) on Developing a Cooperation Framework to Promote Singapore Companies' Participation in the CSGKS’ Industrial Development and Innovation.
The MoU was among the 19 MoUs and cooperation agreements inked at the 18th China-Singapore Joint Council for Bilateral Cooperation, which kicked off in Singapore on Nov 1.
The CSGKS Cooperation Affairs Office said the MoU signing will also further deepen the cooperation with Singapore in the field of scientific and technological innovation, support Singaporean enterprises in participating fully in the industrial development and innovation of the CSGKS, and enhance the site’s position as the preferred place for Singapore enterprises to invest.
“In recent years, cooperation projects between China and Singapore in key areas such as biomedicine, digital economy and green development have been launched in the CSGKS,” it said in a statement.
The China-Singapore Smart Park, one of the key projects to deepen cooperation in scientific and technological innovation and the construction of smart cities, has introduced more than 60 industrialisation projects since it was opened in June 2022.
As an important carrier and innovation model of bilateral cooperation between China and Singapore, the CSGKS strives to build an important node in the Greater Bay Area and become the world's knowledge economy highland.
In the future, the CSGKS will further integrate development strategies of the Belt and Road Initiative and Regional Comprehensive Economic Partnership, continue to improve the level of institutional opening up and tap the potential of ASEAN countries and other markets, among others.
-- BERNAMA
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