Japanese technology conglomerate Hitachi has signed a memorandum of understanding (MoU) with the NSW Government to collaborate on the development of the Western Parkland City and Western Sydney Aerotropolis.
As a leading global technology player with significant experience in elements of smart city and emerging technologies, Hitachi will lend its expertise to help Western Sydney achieve its vision of creating a new city that’s at the forefront of technology globally. It will provide the NSW Government in conjunction with the Federal Government and eight municipalities in the Western Sydney region, with state-of-the-art precinct design and social infrastructure services.
Areas of potential cooperation identified in the MoU include collaborations in healthcare precincts, the provision of operations facilities in areas of heavy engineering, and the development of a technology-led centre of excellence in the Western Sydney Aerotropolis, either independently, or in collaboration with other research and academic organisations.
The MoU announcement coincides with the return of the world-renowned Hitachi Social Innovation Forum in Sydney on 21 November 2018. The forum will take a deep dive into developments around big data analytics, digitalisation, smart cities, and automation. Keiji Kojima, Executive Vice President and Executive Officer of Hitachi, will deliver an Executive Address, and The Hon Gladys Berejiklian MP, Premier of New South Wales, will give a Ministerial Address.
‘Hitachi is one of the world’s largest companies operating across energy, construction, water and railway systems to defence, digital systems, healthcare technology and more,’ says NSW Premier Gladys Berejiklian in a media release.
‘The Aerotropolis is a highly attractive investment opportunity and Hitachi is keen to participate.’
Hitachi is the latest Japanese company to partner in the Western Sydney Aerotropolis precinct, with Mitsubishi Heavy Industries and the Sumitomo Mitsui Financial Group signing separate MoUs with the NSW Government last month.
‘Getting these big Japanese multinationals with their global networks is a major step in our efforts to help develop industry precincts around Western Sydney Airport,’ says Minister for Western Sydney, Stuart Ayres.
‘The Aerotropolis will be a bustling 10,000-hectare economic zone creating a 200,000 jobs bonanza for the new world class Western Parkland City that is being developed in a joint effort between NSW, the Commonwealth and local governments.’
Tokyo-headquartered Hitachi is a global technology player with approximately 307,000 employees worldwide and revenues of US$88.4 billion in the last financial year.
source: https://www.austrade.gov.au/International/Invest/Investor-Updates
Source: Hitachi Media release