Nokia to spend $340M to upgrade Canadian HQ in Ottawa

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Prime Minister Justin Trudeau and Ontario Premier Doug Ford hear to Pekka Lundmark, president and CEO of Nokia, reply to a query following an announcement in Ottawa on Monday. (Adrian Wyld/The Canadian Press)

Nokia Canada and the federal, provincial and metropolis governments have introduced plans to flip the corporate’s Canadian headquarters in west Ottawa right into a analysis and growth centre.

Nokia mentioned it is contributing $340 million towards the challenge that will remodel its 26-acre campus on the Kanata North enterprise park right into a mixed-use company, residential and business hub constructed utilizing sustainable applied sciences.

It plans to start web site building in 2023 and expects to open the brand new facility in 2026. The challenge is predicted to create greater than 340 new jobs.

The three ranges of presidency are contributing $72 million in funding: $40 million from the federal authorities, $30 million provincially and $2 million from the town.

A large mock-up of a glass-heavy office building.
A show of Nokia’s plans for its expanded hub shared on Monday. (Laura Glowacki/CBC)

Nokia mentioned the tech hub will considerably broaden its capability in 5G, cyber safety, synthetic intelligence and machine studying.

“Today’s announcement reinforces Nokia’s dedication to the Canadian market, the place we have now invested $1.4 billion in R&D over the previous 5 years,” mentioned Nokia Canada president Jeffrey Maddox in an announcement.

The federal authorities mentioned the announcement is a step towards strengthening Canada’s wi-fi community and can assist pave the best way for brand new alternatives in the areas of fresh power, good cities, precision agriculture, autonomous autos and superior telemedicine.

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