GuocoLand partners with local enterprises for digitalisation

The group eyes to implement more than 20 projects over the next two years in line with its digitalisation drive.

GuocoLand Limited and its subsidiaries launched strategic partnerships with several local technology companies to accelerate the digitalisation of its businesses.

In a media release on Thursday, the GuocoLand Group said it plans to implement 20-digital-related projects over the next two years in its property investment and development businesses.

It will collaborate with local enterprises Airsquire, Groundup.ai, Operva AI, SpaceAge Labs, and Doxa on projects involving the deployment of artificial intelligence, Internet of Things, drone technology, and smart devices, amongst other innovations.

“The transformation of Singapore’s built environment sector requires all organisations in the eco-system to play their part. As we studied the technologies available, we found many cutting-edge innovations being pioneered by local start-ups. We decided to support our home-grown companies and collaborate with them to co-create more innovative and sustainable solutions,” GuocoLand Group CEO Cheng Hsing Yao said.

GuocoLand said these collaborations facilitated by Enterprise Singapore will enable the Group to “enhance its productivity and efficiency, improve workplace safety standards, and mitigate manpower constraints over time,” adding that it is exploring more initiatives through partnerships with local start-ups and other small and medium-sized enterprises on other pilot projects.

These projects will have an impact and raise the “entire value chain of the built environment sector” including design, procurement and contracts, construction methodology, site management, quality surveillance, and facility management.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Singtel had the most growth for the day.
This is despite its improved performance in two categories.
The expected increase will be driven by three factors.
The two also discussed post-pandemic recovery.
It also recorded a strong performance for H1 2021, despite a net loss of $150.6m.
Jigger & Pony found itself retaining its ninth ranking.
The moderate increase was driven by expansions in five out of six indicators.
Perpetual (Asia) Limited is on the other end of the agreement, as the purchaser.
CLSA will serve as issue manager of the proposed spin-off and listing.
Yangzijiang Shipbuilding had the most growth for the day.
The new facility is the first of its kind in Singapore.
Proceeds will be used for Olam's general corporate purposes.
The completion of divestment will take place during the first quarter of 2022.
This is to raise gross proceeds of more than $200m.