Headquarters Singapore Owner Temasek Holdings Founded 2003 | Website surbanajurong.com Number of employees 13,000 (2016) Type of business Private Limited Company | |
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Industry Urban planning and design Predecessors Jurong International Holdings
Surbana International Consultants CEO Wong Heang Fine (Jun 2015–) Subsidiaries Aetos Security Management, KTP Consultants Pte Ltd., Sino-Sun Architects & Engineers Co., Ltd. | ||
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. As of July 2016, it is wholly owned by Temasek Holdings and had 4,000 employees. 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.
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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. The merger was completed in June 2015 and the merged entity was named Surbana Jurong.
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. 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. 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.
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.
Notable projects
Surbana Jurong was involved in master-planning and infrastructure planning for an industrial park and deep-sea port in the state of Rakhine, Myanmar. 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.
Notable acquisitions
In June 2015, Surbana Jurong acquired KTP Consultants Pte Ltd in Singapore and Sino-Sun Architects & Engineers Co. Ltd in China.
In November 2015, Surbana Jurong acquired 20% equity stake in China's CITICC (Africa) Holding Limited and a 8.4% stake in FLUX Factory, Inc. (a spin-off from Google X).
In August 2016, Surbana Jurong announced the acquisition of Australia-based SMEC Holdings for S$400 million.
In October 2016, Surbana Jurong acquired security firm, AETOS Holdings for an undisclosed amount.