Speech by Mr Wong Heang Fine, GCEO at Brand Launch of Surbana Jurong

surbana jurong sustainable and green building acquisitions of ktp consultants sino-sun architects engineers

Speech by Mr Wong Heang Fine, Group CEO, Surbana Jurong, at the Brand Launch of Surbana Jurong Private Limited, 11 November 2015, 1030 am, Raffles City Convention Centre

Chairman Mr Liew Mun Leong

Members of the Board of Surbana Jurong

Your Excellencies, Distinguished guests, ladies and gentlemen


  1. If you recall, it was only in June this year that we gathered in this same room to launch Surbana Jurong Private Limited, the merged entity of Surbana International and JURONG International, and at the same time made strategic acquisitions of KTP Consultants in Singapore and Sino-Sun Architects & Engineers in China.
  2. Barely five months on, we are gathered here today again. We have just unveiled our logo and we will soon be signing agreements to take equity stakes in two international companies.
  3. The launch of our Surbana Jurong logo and brand signals an important milestone for us as we are now recognised as an international firm headquartered in Singapore but with a growth story that is global in depth and dimension. The new logo capitalises on the brand equity of Surbana and Jurong, both well recognised in our local and overseas markets. The little red dot in the logo reminds us of our origin, Singapore, where we have shaped the urban, industrial and infrastructure landscape over the last 50 years and also signifies the strong Singapore attributes of how we can execute projects reliably, transparently and with efficiency.
  4. Our acquisitions of KTP Consultants and Sino-Sun Architects & Engineers have strengthened Surbana Jurong’s reach into the large Chinese market and deepened our infrastructure development capabilities. With 65% of our 4,000 staff strength of consisting of engineers, architects and other professional technical staff, Surbana Jurong is now the largest Asian-based consultancy powerhouse in this region.
  5. Today, we will be taking equity stakes in two firms to expand our business in Africa, and to increase technology inputs in our building design competencies. This is in line with our efforts to grow our business through mergers, acquisitions and partnerships.
  6. The first company, which we are taking a 20% equity stake in, is CITICC (Africa) Holding Limited – a US$300 million investment platform set up between IFC, a member of the World Bank Group, and Chinese multinational construction and engineering company, CITIC Construction Co., Ltd. The aim is to develop affordable housing in Sub-Saharan Africa. With this platform, we will partner with local housing developers and provide long-term capital to potentially develop 30,000 affordable homes Africa in the next 5 years. This investment will help scale up our presence in Africa where we already have projects in 9 countries.
  7. There is significant demand for affordable housing in Africa. IFC, our partner in this investment, estimates that rapid urbanization is pushing up demand for housing in Sub-Saharan Africa.African cities are becoming home to over 40,000 people every day, many of whom find themselves without a roof over their heads. Kenya’s housing shortage is estimated at 2 million units, while Nigeria is in want of 17 million units. Our equity stake in CITICC (Africa) Holding Limited will significantly improve our market access and put us in a good position to be a significant player in the affordable housing market in Africa.
  8. We will also be taking a USD 9.25 million equity stake in FLUX Factory, Inc, a San Francisco based software company that is a spinout from Google X, a development lab by Google dedicated to making breakthrough technological advancements in areas including self-driving cars, Google Glass and drone deliveries.
  9. Founded by 3 Google engineers in June 2012, the company builds a collaborative cloud-based software tool used for building design, urban solutions and master planning to help the building industry design eco-friendly buildings, leveraging on FLUX’s big data analytics solution.
  10. FLUX is a strategic long term investment in technology that will strengthen our complete value chain service offering and grow our sustainable and building design capabilities. There is a growing demand for sustainable and green building designs which require sophisticated software like FLUX’s platform. We expect our investment in FLUX to put us in a good position to ride on this wave in the medium to long term and more importantly provide better and higher quality service to our clients.
  11. FLUX CEO and Founder Nicholas Chim, who is here with us today (and incidentally he just became a father last week to a baby girl) told me that they are delighted that Surbana Jurong has taken equity in FLUX. Surbana Jurong with its global footprint in some of the fastest developing countries in Asia, Africa and South America can help FLUX enhance their product offering by providing real time user input on the needs of the development industry in sustainable and green building design.
  12. We are on course to grow Surbana Jurong into Asia’s consultancy powerhouse for urbanisation and infrastructure developments in the next 3 to 5 years. Our plan is to increase our current staff strength to over 6,000 and achieve a sales turnover of S$1.5 billion within this timeframe. In the process, we intend to transform our business model through embracing new technologies like Building Information Modelling and Virtual Design and Construction. With today’s two strategic equity partnership, we are well on our way to achieving this target.
  13. Thank you for your support and for being with us today.

Surbana Jurong sets its sights on being a global leader

Surbana Jurong sets its sights on being a global leader
The Straits Times, 23 June 2015

The newly merged entity of Surbana International Consultants and Jurong International Holdings aims to become one of the global big boys in infrastructural and urban development consultancy. Click here to read more

(The Straits Times © Singapore Press Holdings Limited. Reproduced with permission)

Surbana Jurong Private Limited launched, makes two acquisitions in Singapore & China

surbana jurong class a architectural design license KTP sinosun

Singapore, 22 June 2015 – Surbana International Consultants Holdings Pte Ltd (“Surbana”), and JURONG International Holdings Pte Ltd (“JIH”) today announced that, after their merger, they will be named Surbana Jurong Private Limited (Surbana Jurong).

Mr Liew Mun Leong, Chairman of Surbana Jurong said, “Surbana and Jurong International are the corporatised technical arms of HDB and JTC respectively. They are one of the largest Singapore technical institutions responsible for HDB townships, JTC industrial estates and infrastructure developments in Singapore. When they are merged and integrated, they will have the capabilities and capacity to provide one stop complete value chain consultancy services to the development industry in Singapore and abroad. Urbanisation and infrastructure development is forecasted to be one of the largest growing industries in the world in the 21st century. Surbana Jurong will be well time and poised to be groomed into one of Asia’s consultancy powerhouses to capture this global business using Singapore as the showcase city. The strategic focus is to build technical competency and scale and we need to grow organically and through mergers & acquisitions.”

Surbana Jurong, Singapore’s largest urbanisation and infrastructure consultancy also announced the strategic acquisition of two companies today, KTP Consultants Pte Ltd (“KTP”) in Singapore and Sinosun Architects & Engineers Co. Ltd (“Sinosun”) in China.

Mr Liew Mun Leong added, “The formation of Surbana Jurong Private Limited and our first two acquisitions done soon after the signing of the merger agreement in February this year demonstrate our determination to build up the company to become Asia’s consultancy powerhouse for urbanisation and infrastructure developments. We are well underway to achieve building our staffing strength to 6000 within the next three to five years. Scale is a key strategy for successful international urbanisation and infrastructure consultancies.”
“These two acquisitions will immediately grow our staff strength by 25% (from 3200 to 4000) as well as strengthen our infrastructure development capabilities in Singapore and the region. It will also bring our market reach in China from 9 to 16 cities. Both acquisitions are part of our growth strategy to expand our international footprint, grow our capabilities in emerging sectors as well as enhance our capabilities in undertaking infrastructure development projects,” said Mr Wong Heang Fine, Group CEO of Surbana Jurong Private Limited.

KTP is a leading multi-disciplinary engineering (Civil & Structural, Mechanical & Electrical) firm with more than 40 years track record in engineering and project management in Singapore. It has a large private sector client base in Singapore in the residential, commercial, hospitality, healthcare, aviation, infrastructure and utilities sectors. KTP has regional offices in Malaysia, the Philippines, China and the Middle East.

Sinosun is a China based multi-disciplinary local design institute specialising in providing building architectural, mechanical & electrical and civil & structural design consultancy services. It is one of the top 20 privately-owned design institutes in China and has offices in Beijing and ten other cities in China. Sinosun has a Class A architectural design license that is the highest qualification of its kind for design services in China. It is an essential requirement for companies operating design practices in China.

Added Mr Wong Heang Fine “KTP will augment Surbana Jurong’s Civil & Structural (C&S) capabilities and we will leverage on KTP’s established relationships with major private developers and contractors to gain immediate market access to the private sector market in Singapore, Malaysia & Myanmar. Separately The Sinosun acquisition will substantially expand our presence in China. It will complement the service offerings we have in Surbana Jurong. Sinosun’s Class A architectural design license together with Jurong’s master planning and project management license will give us the depth and breadth to offer our multi disciplinary services throughout China.”

Said Mr Wong Heang Fine “The infrastructure sector in Asia is set to be a key growth sector over the next 50 years with spending expected to rise. A PwC report estimates that infrastructure spending is projected to grow from $4 trillion per year in 2012 to more than $9 trillion per year by 2025. It estimates that the Asia-Pacific market will represent nearly 60% of global infrastructure spending by 2025. With mergers and acquisitions, Surbana Jurong will be better placed to secure many of these jobs moving forward.”

Mr Yeo Choon Chong, Managing Director for KTP Consultants Pte Ltd said: “We are delighted to join the Surbana Jurong family. Combined with Surbana Jurong, we will have formidable bench strength in our multi disciplinary engineering practice and be able to offer customers total engineering and sustainable urban solutions.”

Said Mr Xu Jianwei, General Manager for Sinosun Architects & Engineers Co. Ltd: “We share Surbana Jurong’s vision of developing an end-to-end engineering, urbanisation and design solutions platform to serve the China market. Sinosun provides a ready pool of highly skilled local design and engineering talents who can help grow Surbana Jurong’s presence in China. We will also be able to attract the best talents as Surbana Jurong offers career opportunities in its many overseas operations.”

About Surbana Jurong Private Limited

We deliver total urban, infrastructure and engineering solutions to support social and economic growth.

As Asia’s consultancy powerhouse for urbanization, industrial and infrastructure developments, we have a distinguished track record in shaping Singapore’s landscape over the last 50 years.

Our multi-disciplinary team of specialists provides industry-leading solutions harnessed through years of successfully completing a wide array of projects in over 51 countries across 167 cities. We have built more than a million homes in Singapore, completed masterplans for over 30 countries and developed 49 industrial parks around the world.

With over 357 international & local awards under our belt, we have what it takes to understand, anticipate and exceed our clients’ expectations. Today, Surbana Jurong employs 3,200 employees from 38 nationalities in 20 offices across Asia, Africa and the Middle East.