SINGAPORE. Robber giant Grab will build a new headquarters in Singapore in the north of the country, expanding its operations.
The company announced this on Wednesday (January 30) in a joint press release with Ascendas Reit, which will design and manage the building. It is expected that it will cost about 181.2 million. Dollars.
The new headquarters, which is expected to be ready in the fourth quarter of 2020, will accommodate all Grab employees in Singapore.
“The largest research center Grab will also be based here, as Grab continues to expand its technical team around the world,” the press release said.
Grab offices are currently located in Midview City in Xing Ming.
The new building will be designed using green elements, including mid-level sky terraces and public spaces.
“The new headquarters is another milestone for us – it reflects our long-term commitment to Singapore and the region,” said company head Ong Chin Yin, noting that Grab made a three billion-dollar trip to Southeast Asia last week.
She added that Grab plans to create and hire "a thousand more exciting roles" around the world over the next 12 months.
Grab, which was launched in 2012 as a travel app, has grown rapidly, offering food and package delivery, mobile payments and financial services. She currently works in Singapore, Indonesia, the Philippines, Malaysia, Thailand, Vietnam, Myanmar and Cambodia.