Surbana Jurong will conduct a feasibility study on New Mandalay Resort City (NMRC), an integrated township project located on the outskirts of Pyin Oo Lwin township in eastern Mandalay that spans over 10,000 acres.
Under the supervision of Myanmar’s Ministry of Construction, Surbana Jurong will be the overall consultant and Master-planner, working together with Master Developer Central Ayeyarwady Development Limited.
NMRC is among the first 30 projects to be included in the Union Government’s Project Bank, where a list of prioritised public infrastructure projects are identified as key to Myanmar’s national development, to be managed on a public–private partnership basis. Other government ministries will be involved in the setting of policies to ensure the project’s success, which is expected to bring societal and economic benefits to the country.
NMRC will be divided into three sections of development, with Section 1 targeted to be completed in eight years. Some of the key features of each section:
Section 1 – zones for industrial, residential, education, integrated resort, golf course and eco-tourism.
Section 2 – zones for luxury and affordable residential, mixed use, commercial, medical and the future railway station.
Section 3 – an agricultural park located next to the agri-business cluster.
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.”
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%.
Yunnan, China, 11 October 2017 – Surbana Jurong Private Limited has won a contract to provide full-suite design services for a housing project in Baoshan city in Yunnan province, China. The project, awarded by the local Baoshan government, consists of 26 blocks of over 2,000 housing units, a multi-storey carpark, a kindergarten and a neighbourhood centre.
This is Surbana Jurong’s first township project in Baoshan. The project, which is about one quarter the size of Singapore’s Marine Parade estate, will reflect the community-centric design that Singapore’s townships are renowned for, with spaces for residents’ interactions and accessible amenities and services. At the same time, it will be planned with sustainability in mind, for example, by greening the roof of the multi-storey carpark.
The project occupies a total site area of 418,000 sqm and is expected to be completed in three years. Surbana Jurong will provide architectural, civil & structural engineering, mechanical and electrical engineering, landscape design, civil defence shelter design as well as site coordination services.
Baoshan city’s vice mayor Geng Mei said, “This township project is Baoshan’s commitment to create a beautiful and sustainable city in this Southwestern region of the BRI. Our partnership with Surbana Jurong, a global company with proven track record in creating sustainable township, will ensure this project will be a success.”
Wong Heang Fine, Surbana Jurong Group CEO said, “We are excited to partner the city government in bringing the best of our township design and planning concepts to Baoshan city. China, like many rapidly urbanising cities around the world, will face increasing demand for affordable, quality housing. This project will showcase how local governments can partner Surbana Jurong to create sustainable township and positively shape the lives of its people and the community.”
Director of the Singapore Representative Office of Yunnan Commerce, Ms Wu Lixian, said, “We are seeing closer cooperation and exchanges between Singapore and Yunnan, and Surbana Jurong’s township project in Baoshan is a good example of our growing ties.”
Kenneth Teo, Regional Director (West China), China Group, IE Singapore said, “The potential for cooperation between China and Singapore is vast. We look forward to more such win-win partnerships between Singapore and Chinese organisations.”
Surbana Jurong is among the region’s leading firms in urban, industrial and infrastructure consultancy with a track record of over fifty years. Its urban township projects can be found across the region. It has been operating in China since 1994, beginning with the masterplanning of Suzhou Industrial Park, and has since delivered over 2000 projects in various cities across China. With Singapore and China continuing to enjoy good bilateral ties and China’s Belt Road Initiative gaining traction, Surbana Jurong will leverage its newest project win to pursue more opportunities.
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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 13,000 employees in 113 offices across 44 countries in Asia, Australia, the Middle East, Africa and the Americas, and an annual turnover of around S$1.3 billion.
SJ has a track record of over 50 years, and has built over a million homes in Singapore, crafted master plans for more than 30 countries and developed over 50 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.