Engie announced its decision to relocate its Asia Pacific headquarters to Singapore from Bangkok, Thailand.
According to a media release, the new Asia Pacific headquarters and executive team will be located at Golden-Agri Plaza along Pasir Panjang road and is expected to be fully operational by middle of 2019.
Several of Engie’s business units, including Engie Services, Engie Factory, Engie Lab, and Engie Axima will also be located at the same place.
With its regional headquarters opening in Singapore, Engie will bring its values-focused culture to attract, train and develop talents to help drive energy innovation and excellence in the region, the global energy and services group said.
With over 4,000 employees based in the region contributing US$ 3 billion in revenue, the Asia Pacific market is of strategic importance to Engie’s business globally, it noted.
It added that this move accompanies its plan to more than double its workforce in Asia Pacific within the next 10 years, underpinned by the region’s economic growth and demands for clean and sustainable energy solutions.
Commenting on the decision to relocate, Paul Maguire, CEO of Engie Asia Pacific, said: “Singapore is a natural choice for us as we grow our footprint in this region. Many of our customers are based here with businesses across the region, our move will put us closer to them, giving them better access to Engie solutions and services that will support their growth in a sustainable manner.”
He added that the nation’s vision to be a Smart Nation and its leadership in innovation and sustainability provides Engie with an “ideal platform where we can build, test and scale our innovations, cementing our position as the leader in Asia Pacific’s energy transition.”
Supported by the Singapore Economic Development Board (EDB), the new headquarters in Singapore will grow its localised highly-skilled workforce, further establishing the city state as the authority in clean energy management in the region.