Greenland signs $14.6b Suzhou project to merge AI with apartments

Greenland Group has signed a strategic cooperation agreement with the Suzhou government to invest more than RMB 100 billion ($14.55 billion) into a series of real estate projects pegged to promote artificial intelligence, high technology and new buildings in the eastern China city.

The investment and development projects in Suzhou are spread throughout the city and have made positive contributions to the economic and social development of the city.

It is hoped that Greenland Group will take this strategic cooperation as a new starting point to build more urban landmark buildings and high-quality human settlement products, achieve mutual benefit and win-win, and jointly promote the high-quality integrated development of the Yangtze River Delta. Suzhou will further optimize the business environment and provide efficient and convenient services for project docking, according to the announcement.

Zhang Yuliang, chairman and president of Greenland Holdings Group, said that Suzhou is an important central city in the Yangtze River Delta and an important high-tech industrial base.

Greenland Group entered Suzhou in 2003.