International Enterprise (IE) Singapore has urged small and medium enterprises (SMEs) to consider business opportunities in Tianjin Eco-City, located in North China.
These opportunities include food services, retail, education, healthcare and business services to serve the 2,000 or so families already located there.
Currently close to 60 Singapore companies have taken part in the development of Tianjin Eco-City in north China, and invested S$1.06 billion to date in the past four and a half years.
This is according to the Sino-Singapore Tianjin Eco-City Investment and Development Company, master developer of the Tianjin Eco-City project.
IE Singapore noted that setting up in Tianjin Eco-City can be a platform for further growth into North China and beyond.
Singapore pumped a total of S$1.1 billion in investments into Tianjin in 2012, a 23.2 per cent increase over 2011.
Companies planning to venture into the eco-city over the next few years will have more funding aid to look forward to.
The latest agreement will help local companies expand in the Tianjin Eco-City according to their preferential access to corporate loans and trade financing.