With the size of China’s market for smart city solutions estimated to grow more than 500 billion Yuan by 2012, China has unveiled development plans for more than 200 smart cities, districts and towns.
China Development Bank has also been commissioned to assist the Chinese government’s smart city development programs and announced it will invest more than 80 billion Yuan by 2015 to finance smart city projects.
At SAPPHIRE China, Dr Vishal Sikka, member of the Executive Board of SAP AG, Products and Innovation, announced that SAP will participate in this move towards smart cities through a collaboration with the College of Engineering at Peking University. Under the auspices of the SAP Urban Matters Initiative, the collaboration will focus on the design of applications to create connected cities.
SAP will also be making a financial donation to the College of Engineering.
The collaboration is intended to see pilot projects launched in 2014 in multi-tier cities, to develop smart city solutions that help create more liveable and environmentally friendly urban developments.