[photopress:Dalian_1.gif,full,alignright]Singapore-based property developer Ascendas has completed the first phase of its new US$200 million IT park in Dalian. The park will focus on three main sectors; BPO (Business Process Outsourcing), ITO (Information Technology Outsourcing) and R&D.
BPO is currently the fastest growing sector in China’s IT services market, and Dalian in Liaoning province, is one of its major hubs. The country’s offshore BPO is expected to increase fivefold to US$7 billion by 2011, according to a recent report by market intelligence company IDC.
The Dalian Ascendas IT Park will be completed in the next five to eight years, and is modelled on a similar technology park developed by Ascendas in Bangalore.
Chong Siak Ching, President and CEO of Ascendas, said the park ‘will offer a fully integrated work-live-play environment and give full play to an international business lifestyle concept that we have test-bedded successfully in Singapore and India’.