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FUJIAN, CHINA: Singapore's Senior Minister Goh Chok Tong has urged Singapore companies to seize growth opportunities in Fujian Province.
The call came as Mr Goh wrapped up his five-day official visit to Fujian Province. He met Fujian Party Secretary Lu Zhan Gong on Thursday and they spoke about the development of the province's new economic zone.
Mr Goh said he was impressed with the development of infrastructure in Fujian and that it shows the seriousness of the central government to invest in the province.
Another interesting development in the province is Pingtan island, which will be transformed into a special economic zone with preferential policies for investors.
The island lies 120 kilometres from Taiwan, and Chinese officials plan to turn it into a pioneering area for exchange and cooperation between the mainland and Taiwan.
Capitalising on this, Temasek subsidiary SingBridge International has signed an MOU with Fuzhou officials on a feasibility study for a 40 square kilometre new township in Pingtan island.
Ko Kheng Hwa, CEO of SingBridge International, said: "We see strong growth potential in Pingtan for three reasons. One, there's a new policy to develop the region; two, a new bridge will open up within a year the island becomes a peninsula for the mainland; and thirdly, the island has natural assets."
He added: "We can make a contribution, because they find Singapore's experience in developing an island economy - our urban development, tourism development are areas they can leverage on.
"So SingBridge is taking this opportunity to engage them early so that we can help shape the development of Pingtan, grow with Pingtan and create mutual benefit."
This is SingBridge's second project in China, the first being the development of the Guangdong Knowledge City.
- CNA/ir
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