Surbana Jurong Private Limited 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 Temasek Holdings (Private) Limited ( ) is a Singaporean State ownership, state-owned multinational investment firm. Incorporated on 25 June 1974, Temasek has a net portfolio of US$288 billion (S$389 billion) as of 2024. Headquartered at Orchard ...

and had 13,000 employees.

History

In February 2015,

JTC Corporation JTC Corporation (JTC), formerly the Jurong Town Corporation, is a statutory board under Singapore's Ministry of Trade and Industry that champions sustainable industrial development. It master-plans clean, green and smart estates to create attr ...

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 with the merged entity named Surbana Jurong.

Predecessors

Surbana International Consultants

Surbana International Consultants (formerly part of

Housing and Development Board The Housing & Development Board (HDB; often referred to as the Housing Board; ; ; ), is a Statutory boards of the Singapore Government, statutory board under the Ministry of National Development (Singapore), Ministry of National Developmen ...

) was a consultancy company specialising in sustainable urban solutions. Headquartered in Singapore, it was owned by

CapitaLand CapitaLand Group Pte. Ltd. is a Singaporean headquartered company focusing on investment, development and management of real estate. The company has a presence in over 260 cities across more than 40 countries. CapitaLand has six listed real ...

and Temasek Holdings, an investment company owned by the

Government of Singapore The government of Singapore is defined by the Constitution of Singapore, Constitution of the Republic of Singapore to consist of the President of Singapore, President and the Executive. Executive authority of Singapore is vested in the Presi ...

. It was formerly the Building and Development Division in Singapore's

. 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 Kigali () is the Capital (political), capital and largest city of Rwanda. It is near the nation's geographic centre in a region of rolling hills, with a series of valleys and ridges joined by steep slopes. As a primate city, Kigali is a relativ ...

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 Amaravati ( , Telugu language, Telugu: ) is the capital city of the Indian state of Andhra Pradesh. It is located in Guntur district on the right bank of the Krishna River, southwest of Vijayawada. The city derives its name from the nearby his ...

as the new capital city of

Andhra Pradesh Andhra Pradesh (ISO 15919, ISO: , , AP) is a States and union territories of India, state on the East Coast of India, east coast of southern India. It is the List of states and union territories of India by area, seventh-largest state and th ...

. 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.

Milestones

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 A tamale, in Spanish language, Spanish , is a traditional Mesoamerican dish made of ''masa'', a dough made from nixtamalization, nixtamalized maize, corn, which is steaming, steamed in a corn husk or Banana leaf, banana leaves. The wrapping ...

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

On 22 June 2015, Surbana Jurong announced the acquisitions of KTP Consultants Pte Ltd in Singapore and Sino-Sun Architects & Engineers Co. Ltd in China. On 11 November 2015, Surbana Jurong acquired 20% equity stake in China's CITICC (Africa) Holding Limited and an 8.4% stake in FLUX Factory, Inc. (a spin-off from Google X). On 1 August 2016, Surbana Jurong announced the acquisition of Australia-based SMEC Holdings for S$400 million. On 13 October 2016, Surbana Jurong acquired security firm, AETOS Holdings for an undisclosed amount. On 29 November 2017, Surbana Jurong acquired Robert Bird Group, a global consulting engineering firm. On 16 October 2018, Surbana Jurong acquired SAA Architects, a leading full-service architecture practice headquartered in Singapore. On 12 November 2020, Surbana Jurong acquired Atelier Ten, a London-based environmental engineering firm.

Partnerships

On 14 September 2018, Surbana Jurong Capital (a wholly owned subsidiary of Surbana Jurong) and

Mitsubishi Corporation is a Japanese general trading company ( ''sogo shosha'') and a core member of the Mitsubishi Group. For much of the post-war period, Mitsubishi Corporation has been the largest of the five great ''sogo shosha'' (Mitsubishi, Mitsui, Itochu, S ...

signed an agreement to form Mitbana, a fund management company (FMC). The FMC will be operated as a 50:50 joint venture, and shall invest in urban development projects in Asia. This marks Surbana Jurong's first foray into the fund management business.

Future headquarters

On 18 January 2019, Surbana Jurong broke ground on its future headquarters in the future Jurong Innovation District. It will be located close to

Nanyang Technological University Nanyang Technological University (NTU) is a public research university in Singapore. Founded in 1981, it is also the second oldest autonomous university in the country. The university is organised across numerous colleges and schools, includi ...

, which set up the SJ-NTU Corporate Lab in 2018. When completed by 2021, the 68,915 square metre development will support 4,000 employees, and will be used to trial urban solutions before commercialisation.

References

External links

* {{authority control 2015 establishments in Singapore Urban planning in Singapore Government-owned companies of Singapore Service companies of Singapore Singaporean brands Architecture firms of Singapore