TÜV SÜD, the German testing and certfication company, is building a €62m hub at the International Business Park in Singapore. It’s the fist time the company has made a signficant property investment outside Germany. The new facility will measure nearly 19,000 sqm and will be equipped so as to be able to offer qualified certifications. TÜV SÜD expects to employ up to 700 people at the hub, which will come on-line in 2020. Speaking at the groundbreaking ceremony, board member Ishan Palit said, “Our decision to further invest in Singapore demonstrates our confidence in this market and its aspirations for the future. Singapore is constantly innovating, and is always prepared to test new technologies and solutions to propel its Smart Nation vision.”
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