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Sybase announced its Cyberport Tenancy
11 July, 2002

The Secretary for Commerce, Industry and Technology, Mr Henry Tang, today (July 11) said that innovation and technology were powerful drivers for the long-term growth of our economy.

"The Government is a facilitator and supporter in driving innovation and technology. Our vision is to develop Hong Kong into a centre of innovation and technology, thereby increasing the added value, productivity and competitiveness of Hong Kong's manufacturing and service industries," he said.

Welcoming Sybase's decision to move into Cyberport Phase III in 2004, Mr Tang noted that Sybase had always been a staunch supporter for Government's Digital 21 Strategy.

"I am pleased that Sybase has been a close IT partner with the Government and will work together with us in creating a success story for Cyberport. The commitment of this important software company will help draw other companies to come to Cyberport,." Mr Tang said.

"Sybase signed a letter of intent in 1999 to become an anchor tenant at Cyberport. I am pleased that Sybase now makes good on its commitment and will move into one of the later phases of the Cyberport which will be ready for occupation in 2004", he said.

"Sybase has cast a vote of confidence in the project by signing up to become an anchor tenant at Phase III of the Cyberport which will be completed 18 months later. This is a strategic company decision on the part of this multinational company which has the personal support of Sybase's Chairman, CEO & President, Mr John Chen. Mr Chen is confident that Cyberport provides an excellent facility for IT companies and professionals. Sybase believes that Cyberport will meet its business needs and will help the company explore new areas of IT development", Mr Tang said.

The Cyberport is one of the infrastructures Hong Kong is investing to promote innovation and technology. Other components in the government's innovation and technology programmes included the provision of funding and support; investment in applied research and development activities; and nurturing of talent.