UOB (United Overseas Bank) has launched a new Smart City Sustainable Finance Framework. UOB is a Singapore based bank which started operation
Jaguar Land Rover (JLR) is planning to create Smart City testing hub in Shannon, a town in Country Clare, Ireland. The new Future Mobility Campus Ireland (FMCI) will create connected roads that use smart junctions. It will also have an air corridor for UAVs to travel from the nearby Shannon Airport.
With Asian economies affected by Covid-19, South Korea has shown its ability to act swiftly to deal with the pandemic effectively.
Autodesk, along with co-partners Informed Infrastructure, and the Society… revealed the winners of the Autodesk AEC Excellence Awards 2020.
Singapore’s Building and Construction Authority (BCA) has revised their expectations for construction spending in 2020 by around SG$10 billion as Singapore feels the affect of the Covid-19 pandemic. The BCA says that construction in 2020 is now estimated in the region of SG$18 billion to SG$23 billion, falling from their January forecasts of SG$28 billion
The Jakarta Post has reported that Indonesia’s National Development Planning Agency (Bappenas) chief Suharso Monoarfa has confirmed that all construction activity for the capital relocation plan has been suspended whilst the Indonesian government focuses on recovering their economy from the effects of the Covid-19 pandemic. Planned construction of new government offices and a state palace
Denmark-based Bjarke Ingels Group (BIG) has been announced as the lead masterplan designer for the Penang South Islands (PSI) project, which involves the development of three man-made islands under the Penang South Reclamation (PSR) project. BIG was selected as the winner of the PSI Masterplan Design Competition (MDC) after 124 submissions from 26 countries were reviewed. The announcement
The Gulf Cooperation Council (GCC) construction market is showing early signs of recovery with projects worth US$30.7 billion achieving construction completion in July and another US$11.6 billion worth of new projects being announced, according to a report by BNC Projects. The GCC construction market is estimated at $2.4 trillion, with over 22,000 active projects at
IDC (International Data Corporation) has announced the 2020 winners for their IDC Smart City Asia/Pacific Awards (SCAPA) with Taiwan picking up 4 awards, China and Singapore gaining 3, and South Korea and Australia getting 2 prizes. Other winners were from India, Hong Kong, Malaysia, Indonesia, and New Zealand. The SCAPA Awards do not include Japan.
GuocoLand’s subsidiaries MTG Apartments and MTG Retail have secured a US$512 million green loan from OCBC Bank, DBS Bank and ICBC Singapore which it will use for the construction of a mixed-use development in the Bugis area of Singapore. This will be Guocoland’s first ever “green loan” and the biggest amount so far awarded in
Singapore businesses (such as real estate developers, construction companies, and logistics providers) now have access to the 3D Singapore Sandbox, launched by the SLA (Singapore Land Authority). The tool provides geospatial data comprising of over 160,000 3D-building models that will help businesses develop innovative urban planning solutions and services. Users can also make use of
Canada’s WSP Global Inc. is moving ahead with talks to acquire rival engineering services firm Aecom, reports say. Shares of Aecom rose 7.7% to $51.33 at 10:14 a.m. in New York trading Wednesday, giving the company a market capitalization of about $8.1 billion. WSP Global shares fell less than 1% to C$88.48 in Toronto, valuing it at about C$9.4 billion ($7 billion). Bloomberg
SMART CITIES are becoming a reality in every part of the world as governments make the budgets available. According to a recent IDC forecast, global spending on smart cities initiatives will total nearly US$124 billion in 2020, an increase of 18.9 percent over last year’s figures. Further, the analyst firm noted that the top 100