Headquartered in Singapore, Surbana Jurong Private Limited (SJ) was formed in June 2015 through the merger of renowned urban planning & affordable housing design expert Surbana International Consultants, and Jurong International, Singapore’s premiere industrial and infrastructure engineering design stalwart.
In June 2015, Surbana Jurong acquired two companies – KTP Consultants Pte Ltd in Singapore and Sino-Sun Architects & Engineers Co. Ltd in China. These two acquisitions will grow our staff strength by 25%, strengthen our infrastructure development capabilities and bring our market reach in China to 16 cities.
We announced in November 2015 that we have taken a 20% equity stake in China’s CITICC (Africa) Holding Limited, a USD300 million investment platform set up between International Financing Company (IFC), a member of the World Bank Group, and Chinese multinational construction and engineering company, CITIC Construction Co., Ltd – which would see us potentially develop 30,000 affordable homes in Africa in the next five years.
Surbana Jurong also took up a 8.4% stake (USD 9.25 mil) in an American software company, FLUX Factory, Inc, a spin-off from Google X, which builds collaborative cloud-based software tool used for building design, urban solutions and master planning, which will grow our sustainable and building design capabilities.