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IBM wants to create in China a development center for smart cities worth 4,8 billion dollars
Company IBM Cooperativelyand with the Chinese partner Huaxun Zhongxing announced plans to establish a research and development center for smart cities in Sichuan province in Southeast China, Xinhua news agency reported.
The start of a joint project called "Global Smart Cities R&D Center" became known at the July 13 press conference of the two companies in Chengdu, the capital of Sichuan province. The announcement follows the events of May 18, when IBM and Sichuan technology company Huaxun Zhongxing announced the creation of a service center that will focus on the big data and cloud computing needed to build smart cities.
In 2012, China defined more than 130 cities as pilot sites for the implementation of a program of building "smart cities" aimed at finding a new way of developing the urbanization process.
Investments in the project will presumably be 4,8 billion US dollars.