Tag: China

Singapore’s Surbana Jurong and China’s Silk Road Fund form co-investment platform for infrastructure projects in Southeast Asia

SJ SRF China BRI
Left to right: Mr Seth Tan, Executive Director of Infrastructure Asia, Mr Wang Yanzhi, President of Silk Road Fund, Mr Liew Mun Leong, Chairman of Surbana Jurong and Mr Wong Heang Fine, Group CEO of Surbana Jurong at the signing ceremony.

Beijing, 29 April 2019 – Surbana Jurong, a global urban and infrastructure consulting firm headquartered in Singapore, and Silk Road Fund, a medium to long term investment fund dedicated to support the Belt and Road Initiative (BRI), today entered into a Framework Agreement to implement the China-Singapore Co-Investment Platform (“中国-新加坡共同投资平台”). The Platform will focus on infrastructure projects primarily in Southeast Asia. The agreement was signed by Mr Wong Heang Fine, Group CEO of Surbana Jurong, and Mr Wang Yanzhi, President of the Silk Road Fund in the presence of Singapore’s Prime Minister Lee Hsien Loong and China’s Premier Li Keqiang.

Under the agreement, the partners will set up a co-investment platform that is primarily focused on greenfield infrastructure projects in Southeast Asia. The partners expect to invest about US$500 million over the next few years, with each partner investing in principle equal amounts in the projects. Investments of the platform could take various forms, including equity and debt. This partnership was initiated and facilitated by Infrastructure Asia, a regional infrastructure project facilitation office under the Singapore government. It brought Surbana Jurong and Silk Road Fund together due to their complementary capabilities and common intent of investing in Southeast Asia.

Surbana Jurong, which will invest through its investment arm, Surbana Jurong Capital, will leverage its familiarity with local markets through having offices in these BRI countries and recommend projects to the Platform, and both partners will then jointly assess the suitability of the projects for investment.

The Platform is well-positioned to tap opportunities arising from BRI and aims to promote infrastructure development and connectivity, contributing to the sustainable economic and social growth of communities across BRI countries.

This partnership will leverage both partners’ unique strengths for optimal investment returns. Surbana Jurong, as one of the largest Asia-based urban and infrastructure consultancies, has over 70 years of successful project deliveries and multi-disciplinary operating teams in over 40 countries, giving it unique insights into projects’ viability. Silk Road Fund Co. brings to the partnership years of experience and expertise, having invested in dozens of infrastructure projects in diverse markets. It also boasts wide networks within and outside China and has strong access to capital.

Mr Wong Heang Fine, Group Chief Executive Officer of Surbana Jurong, said, “Infrastructure development is an important driver of connectivity and economic growth. As Southeast Asia continues to grow and see huge demand for infrastructure, the opportunities for the China-Singapore Co-Investment Platform are immense. Contributing our multi-disciplinary technical urban and infrastructure know how, as well as our extensive and deep sourcing and operating knowledge globally, we are excited to partner Silk Road Fund, as we look to combine our capabilities in investing and project risk analysis to deliver sustainable returns.”

Mr Wang Yanzhi, President of Silk Road Fund, said, “Silk Road Fund is strongly committed to advancing economic and social development of Southeast Asia through infrastructure investments, and we are happy to have Surbana Jurong and Infrastructure Asia as our partners. Leveraging each party’s complementary networks and know-hows, this Co-Investment Platform will take market-driven approach and strike a good balance among project returns, social progress and environmental protection. We look forward to working closely with our partners on future projects and making the Platform a testament to the shared vision of the Belt and Road Initiative.”’

Mr Seth Tan, Executive Director of Infrastructure Asia, said, “The right partnership, such as this co-investment platform, can help better source, conduct proper due diligence on, and bring to the fore addressable and bankable regional infrastructure opportunities. Moreover, the platform’s positioning is an important offering to regional demand markets. Infrastructure Asia will continue to support the Co-Investment Platform by, for example, highlighting opportunities to the platform.”

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About Surbana Jurong 
Surbana Jurong is one of the largest Asia-based urban and infrastructure consulting firms. Leveraging technology and creativity, Surbana Jurong provides best-in-class consultancy solutions across the entire value chain of the urbanisation and infrastructure domains.
Headquartered in Singapore, the Surbana Jurong Group has a global workforce of over 14,500 employees in more than 130 offices across over 40 countries in Asia, Australia, UK, the Middle East, Africa and the Americas, and an annual turnover of around S$1.5 billion. The Surbana Jurong Group of companies include SMEC and Robert Bird Group in Australia, Sino-Sun in China, AETOS, KTP, SAA in Singapore and B+H in Canada.
Surbana Jurong has a track record of close to 70 years and has built more than a million homes in Singapore, crafted master plans for more than 30 countries and developed over 100 industrial parks globally.
Surbana Jurong’s motto ‘Building Cities, Shaping Lives’ reflects its belief that development is more than just steel and concrete. Surbana Jurong creates spaces and designs infrastructure where people live, work and play, shaping cities into homes with sustainable jobs where communities and businesses can flourish.

About Silk Road Fund Co. Ltd 
Silk Road Fund Co., Ltd. (“SRF”) is a Beijing-based medium to long term investment fund established under the PRC Company Law on December 29, 2014. The committed funding in SRF announced by the Chinese government is USD40 billion and RMB100 billion. SRF endeavors to enhance the connectivity of the Chinese economy with the rest of the world and promote the development and prosperity of both China and other countries.
SRF focuses on projects with optimal risk-return profiles in broad sectors such as infrastructure, energy & resources, industrials and financial services. It seeks to achieve its own financial sustainability and good investment returns for the shareholders in the medium to long run.
SRF’s investment takes a variety of forms, including primarily direct equity investment, as well as debt financing and investment in other funds. SRF is also mandated to sponsor and establish investment funds with domestic or international financial institutions.
As a responsible corporate citizen, SRF strives to comply with all applicable laws and attaches great importance to environmental protection and sustainable development. It is committed to bridging people across the world and building a better global community together with its business partners.

About Infrastructure Asia
Infrastructure Asia (“IA”) aims to support Asia’s social and economic growth through infrastructure development. IA was established by the Enterprise Singapore and Monetary Authority of Singapore to support infrastructure financing and development in the region. It does so through early project scoping, best practice sharing and brokering, harnessing Singapore’s best-in-class infrastructure ecosystem (international developers, engineering and professional services, along with financial institutions and multilateral development entities).
It also works hand-in-hand with global players in the regional infrastructure ecosystem, and leverages the collective capabilities and networks of various government agencies to catalyse more trade and investments into infrastructure in the region.

For media enquiries, please contact:

Surbana Jurong
Jackie Yu
Director, Group Communications
T: +65 6839-7326 M: +65 9688-4269 E: Jackie.YuWC@surbanajurong.com

 

Surbana Jurong signs MOUs with Chongqing and Hainan cities

Surbana Jurong signs MOUs with Chongqing and Hainan cities
(Left) Mr Teo Eng Cheong, Surbana Jurong’s CEO International (Singapore, Southeast Asia and North Asia) signed the MOU at the China-Singapore (Chongqing) Connectivity Initiative Financial Summit.

People’s Republic of China, 2 November 2018 – Surbana Jurong, one of the largest Asia-based urban and infrastructure consulting firms, further grows its footprint in China as it signed MOUs with the Chongqing Municipal Government and Danzhou Municipal People’s Government respectively.

Surbana Jurong partners China Construction Bank and Chongqing Municipal Government on Chongqing Connectivity Initiative projects

Together with China Construction Bank, Surbana Jurong signed an MOU with the Chongqing Municipal Government to provide support in various areas of the China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity.

Areas that the partners will jointly explore include the financing needs of major infrastructure construction, the potential development of a financial technology city and a digital economy pilot zone, the sustainable development of housing rental projects as well as smart cities projects.

Chongqing is a major city in southwest China and only one of four municipalities under the direct administration of the central government.  The China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity is the third bilateral project between China and Singapore and is a strategic part of China’s Belt and Road Initiative (BRI). Surbana Jurong was the appointed masterplanner for the Chongqing Liangjiang New Area, providing the blueprint for the city to become a multi-modal hub.

Today’s MOU develops from the collaboration agreement between Surbana Jurong and China Construction Bank signed in September this year[1], to jointly pursue and develop business opportunities arising from the BRI, and to provide industry leading services to clients in the Asia-Pacific region on possible infrastructure construction projects.

Surbana Jurong in collaborative MOU with Danzhou Municipal People’s Government

Separately, Surbana Jurong has signed a collaborative MOU with the Danzhou Municipal People’s Government to explore collaboration in various areas including masterplanning and urban design.

Danzhou is one of the major cities in Hainan province, a tropical island at the southern end of China. The Chinese government has recently earmarked Hainan as a Free Trade Zone (FTZ) that will span 35,400sqkm, which will make it the biggest FTZ in China. It aims to become an international shipping hub and a trading and investment gateway.

The Danzhou government, through the MOU, plans to leverage Surbana Jurong’s global track record and success in planning and design to develop the city into a sustainable industrialised town, to promote investment and raise the living standards of its residents.

Continued commitment in China’s growth

Mr Teo Eng Cheong, Surbana Jurong’s CEO International (Singapore, Southeast Asia and North Asia) said, “Today’s MOUs in two different cities, Chongqing as well as Danzhou, Hainan, signify Surbana Jurong’s continued commitment to working with our partners in China, to support the country in its continued growth and development. Surbana Jurong will continue to contribute our expertise in planning, design, engineering and management, drawing on our global experience in urban and infrastructure projects, to develop sustainable and vibrant cities across China. We look forward to working closely with our partners in bringing their vision to reality.”

Surbana Jurong has been established in China for the past two decades and been involved in over 2,000 projects, including the three China-Singapore bilateral projects.

[1] SJ-CCB Press Release

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About Surbana Jurong

Surbana Jurong is one of the largest Asia-based urban and infrastructure consulting firms. Leveraging technology and creativity, Surbana Jurong provides best-in-class consultancy solutions across the entire value chain of the urbanisation, industrialisation and infrastructure domains.

Headquartered in Singapore, the Surbana Jurong Group has a global workforce of over 14,500 employees in more than 130 offices across over 40 countries in Asia, Australia, UK, the Middle East, Africa and the Americas, and an annual turnover of around S$1.5 billion.

Surbana Jurong has a track record of close to 70 years, and has built more than a million homes in Singapore, crafted master plans for more than 30 countries and developed over 100 industrial parks globally.

Surbana Jurong’s motto ‘Building Cities, Shaping Lives’ reflects its belief that development is more than just steel and concrete. Surbana Jurong creates spaces and designs infrastructure where people live, work and play, shaping cities into homes with sustainable jobs where communities and businesses can flourish.

For media enquiries, please contact:

Surbana Jurong
Jackie Yu
Director, Group Communications
T: +65 6839 7326  M: +65 9688 4269  E: Jackie.YuWc@surbanajurong.com

 

 

Blending sustainable design and technological innovation in North Asia

SJ China North Asia
Source: Business Chief

Surbana Jurong’s motto ‘Building Cities, Shaping Lives’ is a meaningful one for North Asia CEO Michael Ng. He reveals how the firm’s unique approach – combining sustainable design, technological innovation and partnerships – makes it a standout force in the market. Click here to read more.

Surbana Jurong signs MOU with China Construction Bank to pursue infrastructure projects in China

Surbana Jurong signs MOU with China Construction Bank to pursue infrastructure projects in China
The MOU was signed by Surbana Jurong GCEO Wong Heang Fine and China Construction Bank COO Mu Naimi.

Singapore, 14 September 2018 – China Construction Bank Corporation Singapore Branch (“CCBSB”) celebrated its 20th anniversary of establishment here in Singapore. The Group Chairman and Executive Director, Mr Tian Guoli, was in Singapore to celebrate this historic milestone.

CCBSB currently operates with a wholesale banking license and has around 80 employees in Singapore. Besides offering corporate banking and trade finance, investment banking, financial market and private banking services, the Branch also serves as a regional centre for six other countries including India, Pakistan, Brunei, Myanmar, Laos and Cambodia.

In conjunction with the Anniversary celebration, CCB also signed four Strategic Cooperation MOUs with Surbana Jurong Private Limited (Surbana Jurong), National University of Singapore, CITIC Envirotech Ltd and Credit Suisse (Singapore) Ltd respectively.

Mr Heng Swee Keat, Minister for Finance and His Excellency Mr Hong Xiaoyong, Chinese Ambassador in Singapore, graced the ceremony as Guest-of-Honours.

Surbana Jurong and CCB strategic cooperation

Mr Wong Heang Fine, Group CEO, Surbana Jurong signed the MOU with Mr Mu Naimi, Chief Operating Officer, China Construction Bank, witnessed by Mr Liew Mun Leong, Chairman, Surbana Jurong and Mr Tian Guoli, Chairman and Executive Director, CCB.

Under the MOU, CCB will actively partner with Surbana Jurong, one of the largest Asia-based urban and infrastructure consulting firms, to jointly develop business opportunities arising from the Belt and Road Initiative, and provide industry leading servicesto clients in the Asia-Pacific region on possible infrastructure construction projects.

Surbana Jurong will contribute its expertise in master planning and design, engineering, project development and management across the urban, industrial and infrastructure sectors. CCB will provide its deep experiences in providing financing solutions across a wide range of areas including public-private partnership projects, fixed asset, real estate development, housing lease, technical modification, as well as construction and development financing.

National University of Singapore and CCB strategic cooperation

Professor Andrew Wee, NUS Vice President (University and Global Relations), signed the cooperation agreement with Mr Mu Naimi, Chief Operating Officer, China Construction Bank, witnessed by NUS President Professor Tan Eng Chye, , and Mr Tian Guoli, Chairman and Executive Director, CCB.

Under the agreement, the parties will cooperate in the areas of professional training, research projects, academic exchange, curriculum development, sharing resources and cooperative teaching.

Citic Envirotech Ltd – CCB Singapore strategic cooperation

Mr Hao Weibao, Chairman and Group CEO, CITIC Envirotech Ltd, signed the MOU with Ms Ren Dongyan, General Manager, CCB Singapore Branch, witnessed by Mr Cai Xiliang, Deputy General Manager of CITIC Group and Mr Tian Guoli, Chairman and Executive Director, CCB.

Under the MOU, CCB Singapore will provide a full suite of financial services to Citic Envirotech in the region.

Credit Suisse (Singapore) Ltd – CCB Singapore strategic cooperation

Mr Benjamin Cavalli, CEO Singapore, Credit Suisse signed the MOU with Ms Ren Dongyan, General Manager, CCB Singapore Branch, witnessed by Mr Tian Guoli, Chairman and Executive Director, CCB.

Under the MOU, both parties will jointly identify areas of joint interest in the field of international private banking products and investment solutions.

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For media enquiries and/or event photos, please visit www.ccb.com.sg
________________________________________________________________________
About China Construction Bank Corporation

China Construction Bank Corporation (“CCB” or “the Bank”), headquartered in Beijing, is a leading large-scale joint stock commercial bank in Mainland China, and began operations in October 1954 as China Construction Bank. The Bank was listed on Hong Kong Stock Exchange in October 2005 (stock code: 939) and listed on the Shanghai Stock Exchange in September 2007 (stock code: 601939).

At the end of 2017, the Bank’s market value reached US$232.898 billion, ranking fifth among listed banks in the world. The Bank ranked second in the “Top 1000 World Banks” in 2017 in terms of total tier-one capital according to the UK magazine The Banker.

With 14,920 branches and sub-branches, CCB has 352,621 employees and provides services to millions of personal customers and corporate clients. It cooperates closely with the leading enterprises in strategic industries across the Chinese economy and provides services to a large number of high-end customers. CCB owns more than 200 overseas branches of all levels in 29 countries and regions around the world. The Group’s subsidiaries cover multiple business areas, such as mutual funds, financial leasing, trust, life insurance, property insurance, investment banking, futures and pension.

China Construction Bank Corporation, Singapore Branch commenced operations in March 1998 and was issued a wholesale banking licence by the MAS on 9 July 2010. It offers various financial services and products to Singapore companies as well as medium to large Chinese companies, in the areas of corporate banking, trade finance, financial markets, investment banking, private banking business and other financial services.

Visit www.ccb.com for more information.

Surbana Jurong inks smart city and township MOUs at Singapore-Guangdong Collaboration Council meet

Surbana Jurong Guangzhou mou smart lift monitoring Singapore-Guangdong collaboration council
GZSEI officials with Surbana Jurong’s Smart City Solutions Principal Consultant Raymond Seah (second from left), CEO International Teo Eng Cheong (second from right) and MD of Smart City Solutions, Poon Joe Keen (right), after signing the lift-monitoring agreement.

Smart lift monitoring agreement is part of Singapore-Guangdong Collaboration Council’s five-year plan

Surbana Jurong’s Smart City Solutions team has signed an extension of a smart lift monitoring project with Guangzhou Academy of Special Equipment Inspection (GZSEI) at the 9th Singapore-Guangdong Collaboration Council meeting on 24 August 2018.

The partnership is part of the Council’s five-year plan to support the Chinese province’s Smart City initiatives and focus on areas such as intellectual property protection. In China, the total number of lift installations and maintenance market size is estimated to reach 5.9 million units and S$9.7 billion respectively by 2020.This partnership between Surbana Jurong and GZSEI will help technology transformation and product service application as well as promote the development and application of elevator IoT platforms in China.”

This agreement is an extension to Smart City Solutions’ first lift monitoring project in Guangzhou city, where the team currently monitors and analyses up to 600 lifts in private estates and government buildings. In the next phase, the team will deploy these smart city solutions to escalators and elevators in Guangzhou Railway Station, Haizhu District and Zhongxin Guangzhou Knowledge City.

Surbana Jurong partners Ping An Trust to develop Industrial New Township projects in China

At the same occasion, Surbana Jurong signed MOUs with Ping An Trust to collaborate on the development of Industrial New Township projects in China, beginning with the Shenzhen International Bio-Valley Industrial Park.

The 31.9-sq-km Park, located in Shenzhen’s Dapeng New District, is slated to be a leading bio-tech innovation centre and industry cluster. Ping An Trust, a major integrated finance conglomerate in China known for its technology-powered financial services and investments capabilities, is a subsidiary of Ping An Insurance (Group).

Ping An Trust commented that “Shenzhen International Bio-Valley is one of the top 10 innovation platforms of the Guangzhou-Shenzhen Science and Technology Innovation Corridor, identified by the Guangdong Provincial Party Committee and the Provincial Government… Being able to leverage Surbana Jurong’s globally best-in-class planning vision and architectural design capabilities, Ping An Group could make an effort in the development of Shenzhen’s global competency in bio-technology industries”.

Surbana Jurong partners Ping An Trust to develop Industrial New Township projects in China

Surbana Jurong Ping An China Industrial New Township
The MOUs were signed at the ninth Singapore-Guangdong Collaboration Council meeting.

Singapore, 24 August 2018 – Surbana Jurong, one of the largest Asia-based urban and infrastructure consulting firms, and Ping An Trust Co., Ltd., a subsidiary of Ping An Insurance (Group) Co., Ltd., today signed Memorandums of Understanding (MOUs) to collaborate on the development of  Industrial New Township projects in China, beginning with the Shenzhen International Bio-Valley Industrial Park.

The MOUs were signed at the ninth Singapore-Guangdong Collaboration Council meeting held today.

An Industrial New Township is a people-centric development model that integrates industrial developments and urban living to create sustainable cities for industrial and residential uses.

Under the agreements, Surbana Jurong and Ping An Trust will collaborate in the development of Industrial New Township projects, with Shenzhen International Bio-Valley Industrial Park as the partners’ pilot project. The Park, located in Shenzhen’s Dapeng New District and covering 31.9 square kilometers, is slated to be a world leading bio-tech innovation centre and industry cluster. The Park is a key development project for Shenzhen, and Ping An Group has recently signed an agreement with Dapeng New District Management Committee to play a leading role in the development of the Park.

Ping An will tap Surbana Jurong’s global planning and design expertise to develop the Park into a leading international centre for biotechnology innovation.

Ping An Trust, a major integrated finance conglomerate in China, is known for its technology-powered financial services and investments capabilities; while Surbana Jurong, with established expertise in design and engineering consultancy, has over seventy years track record in master planning, architecture design, engineering and project management in urban and industrial projects globally. The partnership brings together complementary strengths and the partners aim to collaborate in areas including master planning, infrastructure construction, and business investments.

Mr Teo Eng Cheong, CEO International (Singapore, Southeast Asia & North Asia) of Surbana Jurong said, “Surbana Jurong is excited to partner with Ping An Trust on sustainable Industrial New Township projects in China, starting with the Ping An Shenzhen International Bio-Valley Industrial Park. We will leverage our many years of experience to plan and design Industrial New Towns that are economically, socially and environmentally sustainable.”

Ping An Trust commented that “Shenzhen International Bio-Valley is one of the top ten innovation platforms of the Guangzhou-Shenzhen Science and Technology Innovation Corridor, identified by the Guangdong Provincial Party Committee and the Provincial Government. Ping An Group, together with Shenzhen City and Dapeng New District Management Committee, places great importance on the strategic positioning of the Bio-Valley project. Being able to leverage Surbana Jurong’s globally best-in-class planning vision and architectural design capabilities, Ping An Group could make an effort in the development of Shenzhen’s global competency in bio-technology industries.”

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About Surbana Jurong

Surbana Jurong is one of the largest Asia-based urban and infrastructure consulting firms. Leveraging technology and creativity, Surbana Jurong provides best-in-class consultancy solutions across the entire value chain of the urbanisation, industrialisation and infrastructure domains.

Headquartered in Singapore, the Surbana Jurong Group has a global workforce of over 14,000 employees in more than 120 offices across over 40 countries in Asia, Australia, UK, the Middle East, Africa and the Americas, and an annual turnover of around S$1.5 billion.

Surbana Jurong has a track record of close to 70 years, and has built more than a million homes in Singapore, crafted master plans for more than 30 countries and developed over 100 industrial parks globally.

Surbana Jurong’s motto ‘Building Cities, Shaping Lives’ reflects its belief that development is more than just steel and concrete. Surbana Jurong creates spaces and designs infrastructure where people live, work and play, shaping cities into homes with sustainable jobs where communities and businesses can flourish.

About Ping An Trust Co., Ltd.

As a holding subsidiary of Ping An Insurance (Group) Company (“Ping An”), Ping An Trust Co.,Ltd., was incorporated on 9th Apr 1996. It is also an important member of Ping An’s overall listing in SEHK (2318.HK) and SSE (601318). After six capital increases and shares expansion, the current registered capital of Party A is RMB 13 billion.

In 2017, following with national development strategy, Ping An Trust focused on private wealth management, institutional asset management and boutique investment bank as its three core businesses reflecting “return to the origin of trust and support real economy” transition guide. To enhance the active management capability, build capital with mission, and help the economic transition with the advantages of trust system and Ping An’s comprehensive financial advantages.

In the annual report of 2017, the net profit is RMB 3.907 billion, increased its year-on year volumes by 2.9%; and active financial customers are more than 74.7k, year-on-year increase by 42.2%.

For media enquiries, please contact:

Surbana Jurong

Jackie Yu
Director, Group Communications
T: +65 6839-7326 M: +65 9688-4269 E: Jackie.YuWC@surbanajurong.com

More airports needed for improved global connectivity among BRI countries

World Transport Convention 2018 WTC BRITS
Mr Liew delivering the keynote address at the recent Belt and Road International Transport Symposium.

Many countries have under-appreciated and under-built airports, resulting in a deficit in airport infrastructure that is inadequate in meeting increasing passenger demand, particularly in Asia and in many BRI countries that will see some of the strongest growth in the next two decades.

Surbana Jurong Chairman Liew Mun Leong shared this and other views on airport infrastructure at a keynote address at the recent Belt and Road International Transport Symposium (BRITS), a key forum of the World Transport Convention (WTC) 2018 held in Beijing on 20 June. WTC 2018 was hosted by the China Association for Science and Technology (CAST), China’s Ministry of Transport (MOT) and Chinese Academy of Engineering (CAE), and organised by the China Highway and Transport Society (CHTS). The event, in its second year running, was well attended by over 5,000 officials, academics and executives involved in transport planning, engineering and technology.

In his speech titled “Airports – Crucial Infrastructure in Enhancing Global Connectivity Amongst BRI Countries”, Mr Liew shared his insights on the importance of airport infrastructure in enhancing connectivity and promoting economic progress. He highlighted the urgent need to build more airport infrastructure to cater to the booming air travel demand. In addition, he suggested that the contrarian economic principle of “Supply Driving Demand” was particularly relevant for the aviation industry due to the lengths of time required to plan, design and build an airport. Mr Liew also encouraged countries along the BRI to make use of the varied sources of infrastructure funding to expand their airport infrastructure, and engage private-sector partners with deep airport development expertise to help expand present airport capacities.

Surbana Jurong signs MOU with Zhejiang real-estate group to develop township in China

Zhejiang urban development in China MOU SZETC
Surbana Jurong was one of 14 companies which signed agreements at 13th Singapore-Zhejiang Economic and Trade Council (SZETC) meeting.

Surbana Jurong has signed an MOU with Zhejiang Communication Investment Real Estate Group to develop a new township as well as commercial and residential properties in China. Surbana Jurong’s Urban Planning & Design team will explore the development of the masterplan for the township and development management services for the project. The MOU was signed by North Asia CEO Michael Ng and Zhejiang Communication Investment Real Estate Group General Manager Dong Wei Guo, and reinforces Surbana Jurong’s commitment to participate in and contribute to the development of industrial cities in China.

Surbana Jurong was among 14 companies which signed agreements at the recent 13th Singapore-Zhejiang Economic and Trade Council (SZETC) meeting. The agreements were signed in the urban solutions, e-commerce, wholesale trade and logistics sectors, adding to the growing Singapore-Zhejiang collaboration. An Enterprise Singapore statement says these agreements “are in line with Zhejiang’s priorities in urban-rural development reforms, industrial upgrading, trade liberalisation and e-commerce to maintain its economic competitiveness”.

China’s ‘Belt and Road’: Reshaping the World

China’s Belt and Road Initiative seeks to link Asia and Europe to form a giant economic sphere. Is China establishing a new global order? Can other countries build win-win relationships with Beijing?

CEO International (Singapore, Southeast Asia, North Asia) Mr Teo Eng Cheong was invited as a panellist in NHK World’s Global Agenda Series on the discussion topic ‘Will the ‘Belt and Road Initiative’ forge a new global order?’. The episode explores issues surrounding the emergence of the Belt and Road Initiative (BRI), as well as the possible shifts in international order. In the discussion, Eng Cheong shared his views on how having capital and technical expertise in infrastructure development can help a country grow its economy. He also spoke about the benefits of having a good infrastructure roadmap to help Governments determine infrastructure priorities and possible trade-offs. The interview can be viewed here.

Surbana Jurong and Vanke sign MOU to jointly develop Industrial New Towns in China

Industrial New Towns
Vanke’s Jianzhou Dream Town will be first joint project by Surbana Jurong and Vanke.

Chengdu, Sichuan, People’s Republic of China, 15 March 2018 – Surbana Jurong (SJ) and Vanke Industrial Town (Midwest) Co., Ltd. (Vanke), a unit of China Vanke Co., today signed an agreement to jointly develop Industrial New Towns in China.

Under this agreement, SJ and Vanke will jointly develop Industrial New Town projects in China’s Midwest regions. Industrial New Town is the latest people-centric urban development model in China that integrates industrial developments and urban living. The aim is to create sustainable cities for residents to live and work in.

The partnership brings together the partners’ complementary strengths to provide a one-stop complete value-chain solution in urban and industrial development. It combines SJ’s global expertise in planning, design and engineering consultancy in urban and industrial sectors, with Vanke’s experience in China’s real estate development and management. The first project that both parties will jointly undertake will be Vanke’s Jianzhou Dream Town in Chengdu, with SJ providing the design for the city.

China Vanke Co. is China’s leading real estate company and urban development service provider. It is listed on Hong Kong Stock Exchange and is also a Fortune Global 500 company. In October last year, Vanke signed a strategic cooperation framework agreement with the Chengdu Municipal People’s Government which will see the company invest RMB200 million in Industrial New Towns in eastern and southern Chengdu.

Mr Teo Eng Cheong, CEO International (Singapore, Southeast Asia and North Asia) of Surbana Jurong said, “Surbana Jurong is proud to partner Vanke in the sustainable long-term development of Chengdu. Designing sustainable cities that integrate work and play is a hallmark of Surbana Jurong and reflects our philosophy of ‘Building Cities, Shaping Lives’. With over fifty years of experience in urbanisation, industrialisation and infrastructure development in global projects, we are excited to work with Vanke in transforming Chengdu to a smart city for the people.”

Mr Wang Haiwu, Senior Vice President of China Vanke Co., Ltd. and Chief Executive of Midwest Region (王海武, 万科集团高级副总裁, 万科中西部区域本首席执行官) said, “As China’s leading developer and urban development service provider, Vanke is committed to develop the Midwest regions to bring about sustainable growth for the regional economy. Our mission here is to focus on developing the city, while supporting industries and the government (“聚焦城市, 助力产业, 服务政府”). Our partnership with Surbana Jurong is another big step towards people-focused development, and we will jointly advance Industrial New Town concepts that will be the benchmark of sustainable living.”

Further to this MOU, the partners will explore setting up a joint venture.

urban development service provider
Left to right: Shi Fei, General Manager of Vanke Industrial Town (Midwest) Co., Ltd., Wang Haiwu, Senior Vice President of China Vanke Co., Ltd. and Chief Executive of Midwest Region, Teo Eng Cheong, CEO International (Singapore, Southeast Asia and North Asia) of Surbana Jurong, and Michael Ng, CEO, North Asia of Surbana Jurong.

About Surbana Jurong Private Limited
Surbana Jurong Private Limited (SJ) is one of the largest Asia-based urban, industrial and infrastructure consulting firms. Leveraging technology and creativity, SJ provides one-stop consultancy solutions across the entire value chain of the urbanisation, industrialisation and infrastructure domains.

Headquartered in Singapore, the SJ Group has a global workforce of 13,500 employees in more than 120 offices across over 40 countries in Asia, Australia, UK, the Middle East, Africa and the Americas, and an annual turnover of around S$1.5 billion.

SJ has a track record of over 50 years, and has built more than a million homes in Singapore, crafted master plans for more than 30 countries and planned over 100 industrial parks globally.

SJ’s motto ‘Building Cities, Shaping Lives’ reflects its belief that development is more than just steel and concrete. SJ creates spaces and designs infrastructure where people live, work and play, shaping cities into homes with sustainable jobs where communities and businesses can flourish.

About China Vanke Co., Ltd.
China Vanke Co., Ltd. was established in 1984. After 30 years of development, it has become a leading real estate company and urban development service provider in China since it entered the housing market over thirty years ago in 1988. The Group centres on the three most vibrant economic circles nationwide and hub cities in Midwest China. In July 2016, the Group was first listed on Fortune Global 500, ranking 356th. In 2017, the Group ranked 307th.

The Group strategically positions itself as an “integrated urban development service provider”, and upholds the vision of “building quality housing for ordinary people and building housing acceptable for occupation”. The Company adhered to two main development policies of synchronous development with the municipalities and its customers. The core business of the Group includes property development and property service. In recent years, the Group is focused on the position of “integrated urban development service provider”, actively explores expansion in business layout and has stepped into the commercial property, logistics property, long-term rental apartments, skiing business, pension and education businesses on the basis of consolidation of core business advantages.

For media enquiries, please contact:

Surbana Jurong
Jackie Yu
Director, Group Communications
M: +65 9688-4269
E: Jackie.YuWC@surbanajurong.com