Surbana Jurong

Surbana Jurong
Private Limited Company
Industry Urban planning and design
Predecessors
  • Jurong International Holdings
  • Surbana International Consultants
Headquarters Singapore
Owner Temasek Holdings
Number of employees
 13,000 (2016)
Subsidiaries

SMEC Holdings

Aetos Security Management
Website surbanajurong.com

Surbana Jurong Private Limited (also referred to as Surbana Jurong) is a Singaporean government-owned consultancy company focusing on infrastructure and urban development. It was formed in June 2015 with the merger of Surbana International Consultants and Jurong International Holdings.[1] As of July 2016, it is wholly owned by Temasek Holdings and had 4,000 employees.[2] Surbana Jurong acquired SMEC Holdings and AETOS Holdings in August and October 2016 respectively. These acquisitions have raised its staff count to 13,000 employees.[3]

History

In February 2015, JTC Corporation and Temasek Holdings announced plans to merge several of their subsidiaries. According to the agreement, JTC Corporation owned Jurong International Holdings and Temasek Holdings owned Surbana International Consultants were to be merged into a single entity with 49:51 partnership between JTC and Temasek.[4] The merge was completed in June 2015 and the merged entity was named Surbana Jurong.[1]

Predecessors

Surbana International Consultants

Surbana International Consultants (formerly part of Surbana Corp) was a consultancy company specialising in sustainable urban solutions. Headquartered in Singapore, it was owned by CapitaLand and Temasek Holdings, an investment company owned by the Government of Singapore. It was formerly the Building and Development Division in Singapore's Housing and Development Board. Surbana International Consultants was corporatised in 2003 as a consultancy business and subsequently expanded to over 90 cities in 26 countries.[5] One of its major international projects was the 2009 master plan for Kigali City in Rwanda to turn it into a financial hub for Africa.[6] In 2014 Surbana International Consultants and Jurong International holdings began collaboration on a project from the Indian government to create Amaravati as the new capital city of Andhra Pradesh. A year later the two firms merged to form Surbana Jurong.[7]

Jurong International Holdings

Jurong International Holdings was a wholly owned subsidiary of JTC Corporation specialising in industrial development. It has built townships and provided marine and infrastructure developments. The company had operations in China, India and Middle East.[8]

Notable projects and acquisitions

Surbana Jurong was involved in master-planning and infrastructure planning for an industrial park and deep-sea port in the state of Rakhine, Myanmar.[9] In March 2016, Surbana Jurong secured two major contracts in Africa. The contract in Ghana, involved master-planning of Buipe and Tamale along with the conceptual planning of the Northern Savannah Ecological Zone. In Gabon it was involved in the master-planner for the Greater Libreville region.[10]

In August 2016, Surbana Jurong announced the acquisition of Australia-based SMEC Holdings for S$400 million.[11]

In October 2016, Surbana Jurong acquired security firm, AETOS Holdings for an undisclosed amount.[12]

References

  1. 1 2 Wong, Wei Han (23 June 2015). "Surbana Jurong sets its sights on being a global leader". The Straits Times. Retrieved 2016-08-01.
  2. ↑ Wong, Wei Han (22 June 2015). "Surbana Jurong aims bigger Asia footprint with two new acquisitions". The Straits Times. Retrieved 2016-08-02.
  3. ↑ Leong, Grace (2016-10-14). "Surbana Jurong acquires security firm Aetos". The Straits Times. Retrieved 2016-10-17.
  4. ↑ Wong, Wei Han (16 February 2015). "Temasek, JTC give official blessing to merger of subsidiaries". The Straits Times. Retrieved 2016-08-01.
  5. ↑ Haila, Anne (2015). Urban Land Rent: Singapore as a Property State, p. 148. John Wiley & Sons. ISBN 1118827686
  6. ↑ Hong, Mark and Lugg, Amy (eds.) (2015). The Rise of Singapore, , Vol. 1, p. 98. World Scientific. ISBN 9814704954
  7. ↑ Biswas, Rajiv (2016). Asian Megatrends, p. 65. Springer. ISBN 1137441895
  8. ↑ Venkat, P. R. (2014-09-04). "Singapore's Temasek, JTC in Talks to Merge Some Property Units". Wall Street Journal. ISSN 0099-9660. Retrieved 2016-08-02.
  9. ↑ Chong, Koh Ping (27 February 2016). "Surbana Jurong clinches new projects in Myanmar". The Straits Times. Retrieved 2016-08-01.
  10. ↑ Khoo, Lynette (7 March 2016). "Africa beckons, as Surbana Jurong eyes 40-60% of revenue from overseas in 3-5 years". The Business Times. Retrieved 2016-08-01.
  11. ↑ Whang, Rennie (2 August 2016). "Surbana Jurong buying SMEC for $400m". The Straits Times. Retrieved 27 September 2016.
  12. ↑ Tan, Melissa. "Surbana Jurong buys security firm from Temasek". The Business Times. Retrieved 2016-10-17.
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