19 June 2008: Source: China Economic Review.
Shanghai-based developer Shui On Land will jointly invest US$2.2 billion with partners in the second phase of a software project in Dalian, Bloomberg reported. The project, Dalian Tiandi Software Hub, will include apartment blocks, shopping malls, IT training schools and R&D facilities. An initial part of the project to be opened by December 2009. Hong Kong-listed Shui On will control 40% of the development, while its sister company Shui On Construction and Materials will own 22%. Dalian-based Yida owns the remaining portion. Dalian Tiandi will be Shui On's second IT hub project, following the development of a similar hub in Shanghai.
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China is rapidly catching up with India as the IT Outsourcing center of the world.
How we can help UK IT companies:
1. Relocate to Tainjin, China or have a presence in China to exploit the rapidly growing market. Tainjin is a designated economic zone and all companies both local and foreign are provided with incentives to be based there.
2. Enable UK Software companies to work with Chinese software engineers. We represent Eskalate, a rapidly growing software development company in UK.
See: http://www.b2bcomm.co.uk/html/b2b_-_partners.html
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