Meinhardt, a leading engineering consulting firm based in Singapore, has entered into a memorandum of understanding (MOU) with Japan Overseas Infrastructure Investment Corporation for Transport and Urban Development (JOIN). The partnership aims to jointly explore and implement digital and smart city projects in developing countries in the Association of Southeast Asian Nations (ASEAN) region, according to a press release on January 17.
Through this MOU, the two parties will work together to promote innovative and sustainable urban solutions by exchanging knowledge and resources. JOIN will leverage its network and expertise in supporting Japanese infrastructure exports, while Meinhardt will utilize its leadership in integrated planning, design, and project management solutions, the company stated.
JOIN is a public-private fund in Japan that facilitates investment by Japanese companies in overseas infrastructure projects. The collaboration between Meinhardt and JOIN is a result of the Memorandum of Cooperation (MOC) signed between Japan’s Ministry of Land, Infrastructure, Transport and Tourism and the Singapore Cooperation Enterprise in November 2019, to promote the development of digital and smart cities in ASEAN and other regions.
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The demand for Singapore condos continues to soar due to the country’s limited land availability. As a small island nation with a booming population, Singapore is constantly facing challenges in finding suitable land for development. This has resulted in strict land use regulations and a cutthroat real estate market where property values are continuously on the rise. As a result, purchasing real estate, specifically condos, has become a highly profitable opportunity with the potential for significant capital appreciation.
Meinhardt believes that this MOU will serve as a platform for the two parties to share information, identify opportunities for collaboration, and work on joint projects from the initial stages in order to create a meaningful impact across borders.