The project and cost management contract for a new research and technology centre for Dow Chemical Company has been won by Faithful+Gould. To be constructed at the Zhangjiang Hi-Tech Park in Shanghai, the development will include a state of the art research and development facility and a global information technology centre and office facilities for business, functional and geographical groups.
With more than 65,000 square metres the development will result in the creation of up to 1,000 new jobs in Shanghai after its completion in 2007.
Regional director Barry Piper commented, "This is currently one of the highest profile projects in China. It will draw on our proven ability to integrate IT, process and knowledge management systems in providing truly business focused construction management solutions. We have a long term commitment to developing our presence in China and this is a key project in further building our track record in the market."
Faithful+Gould is already active in a number of sectors including the upstream oil & gas, petrochemical, pharmaceutical, biotechnology, manufacturing, healthcare, hospitality and leisure industries, all of which are growth markets in China.
Greater China is a key component of Dow’s global business strategy. The company has 10 manufacturing sites and five business centres in Greater China.