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Surbana Jurong is one of the largest Asia-based global urban, industrial and infrastructure consulting firms, with a track record of over 50 years in creating sustainable cities. Marrying technology with creativity, we provide one-stop consultancy solutions across the entire value chain of the urbanisation, industrialisation and infrastructure domains. Our global workforce of 13,000 spans 113 offices across 44 countries in Asia, Australia, the Middle East, Africa and the Americas. We believe that development is more than just steel and concrete. We create spaces and provide design infrastructure services where people live, work and play, shaping cities into homes with sustainable jobs, where communities and businesses can flourish. Health City Novena, Singapore Suzhou Industrial Park, China Sydney Metro Northwest, Australia Pasir Panjang Terminal Phases 3 & 4, Singapore Luodai Blog New Town, China My Waterway @ Punggol, Singapore Kigali City Masterplan, Rwanda Jurong Rock Caverns, Singapore Dagon Seikkan Township, Myanmar Copper Mine Maintenance Improvement Programme, Chile Adelaide Desalination Plant, Australia Andhra Pradesh’s Amaravati Capital City, India Bakun Hydroelectric Project, Malaysia Clementi Mixed Development, Singapore Altez, Singapore W ONG Heang Fine, group chief ex- ecutive officer of Surbana Jurong Private Limited, is keeping a tight schedule, and it is not difficult to see why. Mr Wong is busy deploy- ing the Singapore consultancy’s expertise in urban, industrial and in- frastructure projects across the world. In two short years since the company was formed after the merger of Surbana International and Jurong International in 2015, Surbana Jurong has transformed into an industry giant. “At any moment in time, we have more than 7,000 projects on- going,” he says. “We are designing a system to clean a lake in China. We are proposing an integrated resort in Vietnam. We are building hydroelectric dams in Malaysia as well as in Nepal, road projects in India and Bangladesh, and MRT and mining projects in Australia.” From 3,200 employees and annual revenue of S$400 million right after the merger, Surbana Jurong now employs over 13,000 people in 113 offices across 44 countries. Almost half of all its em- ployees are professionals including architects, engineers, planners, project managers and quantity surveyors. Revenue today has more than tripled to S$1.3 billion. The firm is executing projects across Asia, Australia, the Middle East, Africa, and the Americas. Such rapid growth was possible because of a deliberate strategy to deepen its talent pool. Surbana Jurong has also adopted best practices to enable its global operations. Its substantial track record of Singapore projects over more than 50 years, meanwhile, enables the company to successfully bid for projects in other countries. “We had to take bold steps, make bold decisions and challenge the norms. We took a hard look at ourselves to understand where we can play in the global landscape,” says Mr Wong. Growth strategy To grow Surbana Jurong, Mr Wong is expanding its pool of talent, depth and breadth of its capabilities and its geographical coverage. This is done through organic growth, as well as through fostering more partnerships, including acquisitions. “We have to compete against the best in the world by deepening our core capabilities,” he says. A significant acquisition was SMEC Holdings, an Australian in- frastructure consultancy which Surbana Jurong bought for S$400 million in 2016. The acquisition catapulted the firm to become one of the most comprehensive, and largest, development consultancy groups in the region, and evened out its revenue stream with counter-cyclical infrastructure projects. The acquisitions of Australia’s SMEC, together with that of Singapore engineering firm KTP Consultants and China design firm Sino-Sun Architects & Engineering Co Ltd, added a network and talent base that the firm can tap on. “All the acquisitions have worked out well. For example, SMEC brought in infrastructural expertise, and Sino-Sun came with design licences we can use to tender for urban projects in China,” Mr Wong says. Surbana Jurong also works with other firms through joint ven- tures and partnerships. It has partnered Safdie Architects, led by renowned architect Moshe Safdie, to take on more high-profile design projects in the region. In 2017, the firm partnered China Highway Engineering Consult- ing Corporation to provide design and consultancy services for high- way and municipal projects in China. One of the latest develop- ments is the establishment of a financial services arm. “We aim to help the client plan projects in a way such that banks can support them,” he says. A partnership with the Credit Guarantee & Investment Facility, which provides guarantees to investors of infrastructure projects, aims to boost infrastructure development in the region. Changing internal processes As the group grows, employees will have the opportunity to work on bigger and more global projects. Adopting a global mindset and cross-cultural appreciation is critical, Mr Wong says. Other than growing its pool of talent, going global also means the firm’s opera- tional processes have to be reshaped. In Singapore, the system of procuring projects and receiving payment for them is relatively straightforward. But tackling the global market requires Surbana Jurong to understand the different stakeholders involved and the risks of payment delays. In taking the firm global, procedures have to be worked out around understanding its clients such that projects can be evalu- ated and priced accordingly, Mr Wong says. The risk of delayed payments is important because manpower costs have to be incurred first. To mitigate such risks, projects can be cut into smaller stages. Foreign exchange risks, meanwhile, can be reduced by hiring more local staff, thus balancing incoming rev- enues with outgoing costs. Exporting the Singapore story Surbana Jurong’s track record in Singapore, meanwhile, comes in handy at a time of rapid industrialisation and urbanisation in Asia. Many growing Asian cities face similar constraints which Singapore faced around land and resources, Mr Wong says. Part of Surbana Jurong’s value proposition is that there is a com- pelling testimonial in Singapore’s rapid development, which clients can witness with their own eyes. Surbana started out in 1960 as part of the Housing Development Board (HDB) tasked to solve Singapore’s housing crisis, while Jurong International began its work in the 1960s to oversee the development of Jurong Industrial Estate. “In Singapore, you can see everything we’ve done,” Mr Wong says. “We’ve helped design over a million public homes, and also community spaces like hawker centres, libraries and malls. We were involved in the reclamation of the land in Changi Airport, the highway from the airport to the city, the industrial estates, the sewer- age and water systems, and now the next biggest port here in Tuas,” he says. In-house expertise In all, Surbana Jurong’s track record in Singapore, along with its newly acquired pool of in-house expertise and its revamped internal processes, have shaped it to become a one-stop consultancy with a hard-to-beat value proposition, Mr Wong says. Its urban and economic planners can plan for an entire city, such as Amaravati, the new capital city of India’s Andhra Pradesh state that Surbana Jurong has designed. Its geotechnical engineers can understand issues around re- clamation and soil formation, its mechanical and electrical engin- eers understand building requirements, its rail specialists can plan signalling and ticketing systems, and its civil engineers can plan for bridges and highways. In planning for buildings, Surbana Jurong has an existing divi- sion that handles facilities management, such as maintaining air-conditioning units and lifts. Last year, it acquired security ser- vices firm AETOS Holdings to complete the value chain. Having successfully taken Surbana Jurong global in just two years, the task remains for the firm to execute successfully on its projects and continue building an enviable track record. “We want to be Asia’s powerhouse and a global leader for urb- anisation, industrialisation and infrastructure projects,” Mr Wong says. “Now, we have every trade, every discipline in the company. There are very few companies in the world today that can claim the same.” PHOTO: YEN MENG JIIN Surbana Jurong’s bold steps to take on the world Dare to change CEO CONVERSATIONS 2017 asean edition ‘We want to be Asia’s powerhouse and a global leader for urbanisation, industrialisation and infrastructure projects.’ – Wong Heang Fine, group CEO of Surbana Jurong Private Limited 12 | The Business Times | Friday, July 21, 2017 Published and printed by Singapore Press Holdings Limited. Co. Regn. No. 198402868E. A member of Audit Bureau of Circulations Singapore. Customer Service (Circulation): 6388-3838, [email protected], Fax 6746-1925.

2017 asean edition Dare to change W - Surbana Jurong€¦ · 6/21/2017  · were involved in the reclamation of the land in Changi Airport, the highway from the airport to the city,

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Page 1: 2017 asean edition Dare to change W - Surbana Jurong€¦ · 6/21/2017  · were involved in the reclamation of the land in Changi Airport, the highway from the airport to the city,

Surbana Jurong is one of the largest Asia-based globalurban, industrial and infrastructure consulting firms, with atrack record of over 50 years in creating sustainable cities.

Marrying technology with creativity, we provide one-stopconsultancy solutions across the entire value chain of theurbanisation, industrialisation and infrastructure domains.Our global workforce of 13,000 spans 113 offices across44 countries in Asia, Australia, the Middle East, Africa andthe Americas.

We believe that development is more than just steeland concrete. We create spaces and provide designinfrastructure services where people live, work and play,shaping cities into homes with sustainable jobs, wherecommunities and businesses can flourish.

Health City Novena, Singapore

Suzhou Industrial Park, China

Sydney Metro Northwest, AustraliaPasir Panjang Terminal Phases 3 & 4,

Singapore

Luodai Blog New Town, China

My Waterway @ Punggol, SingaporeKigali City Masterplan, Rwanda

Jurong Rock Caverns, Singapore Dagon Seikkan Township, Myanmar

Copper Mine MaintenanceImprovement Programme, Chile

Adelaide Desalination Plant, Australia

Andhra Pradesh’s AmaravatiCapital City, India

Bakun Hydroelectric Project, Malaysia

Clementi Mixed Development,SingaporeAltez, Singapore

WONG Heang Fine, group chief ex-ecutive officer of Surbana Jurong Private Limited, is keeping a tight schedule, and it is not difficult to see why. Mr Wong is busy deploy-ing the Singapore consultancy’s expertise in urban, industrial and in-frastructure projects across the

world. In two short years since the company was formed after the merger of Surbana International and Jurong International in 2015, Surbana Jurong has transformed into an industry giant.

“At any moment in time, we have more than 7,000 projects on-going,” he says. “We are designing a system to clean a lake in China. We are proposing an integrated resort in Vietnam. We are building hydroelectric dams in Malaysia as well as in Nepal, road projects in India and Bangladesh, and MRT and mining projects in Australia.”

From 3,200 employees and annual revenue of S$400 million right after the merger, Surbana Jurong now employs over 13,000 people in 113 offices across 44 countries. Almost half of all its em-ployees are professionals including architects, engineers, planners, project managers and quantity surveyors.

Revenue today has more than tripled to S$1.3 billion. The firm is executing projects across Asia, Australia, the Middle East, Africa, and the Americas. Such rapid growth was possible because of a deliberate strategy to deepen its talent pool. Surbana Jurong has also adopted best practices to enable its global operations.

Its substantial track record of Singapore projects over more than 50 years, meanwhile, enables the company to successfully bid for projects in other countries.

“We had to take bold steps, make bold decisions and challenge the norms. We took a hard look at ourselves to understand where we can play in the global landscape,” says Mr Wong.

Growth strategyTo grow Surbana Jurong, Mr Wong is expanding its pool of talent, depth and breadth of its capabilities and its geographical coverage. This is done through organic growth, as well as through fostering more partnerships, including acquisitions. “We have to compete against the best in the world by deepening our core capabilities,” he says.

A significant acquisition was SMEC Holdings, an Australian in-frastructure consultancy which Surbana Jurong bought for S$400 million in 2016. The acquisition catapulted the firm to become one of the most comprehensive, and largest, development consultancy groups in the region, and evened out its revenue stream with counter-cyclical infrastructure projects.

The acquisitions of Australia’s SMEC, together with that of Singapore engineering firm KTP Consultants and China design firm Sino-Sun Architects & Engineering Co Ltd, added a network and talent base that the firm can tap on.

“All the acquisitions have worked out well. For example, SMEC brought in infrastructural expertise, and Sino-Sun came with design licences we can use to tender for urban projects in China,” Mr Wong says.

Surbana Jurong also works with other firms through joint ven-tures and partnerships. It has partnered Safdie Architects, led by renowned architect Moshe Safdie, to take on more high-profile design projects in the region.

In 2017, the firm partnered China Highway Engineering Consult-ing Corporation to provide design and consultancy services for high-way and municipal projects in China. One of the latest develop-ments is the establishment of a financial services arm. “We aim to help the client plan projects in a way such that banks can support them,” he says.

A partnership with the Credit Guarantee & Investment Facility, which provides guarantees to investors of infrastructure projects, aims to boost infrastructure development in the region.

Changing internal processesAs the group grows, employees will have the opportunity to work on bigger and more global projects. Adopting a global mindset and cross-cultural appreciation is critical, Mr Wong says. Other than growing its pool of talent, going global also means the firm’s opera-tional processes have to be reshaped.

In Singapore, the system of procuring projects and receiving payment for them is relatively straightforward. But tackling the global market requires Surbana Jurong to understand the different stakeholders involved and the risks of payment delays.

In taking the firm global, procedures have to be worked out around understanding its clients such that projects can be evalu-ated and priced accordingly, Mr Wong says.

The risk of delayed payments is important because manpower costs have to be incurred first. To mitigate such risks, projects can be cut into smaller stages. Foreign exchange risks, meanwhile, can be reduced by hiring more local staff, thus balancing incoming rev-enues with outgoing costs.

Exporting the Singapore storySurbana Jurong’s track record in Singapore, meanwhile, comes in handy at a time of rapid industrialisation and urbanisation in Asia. Many growing Asian cities face similar constraints which Singapore faced around land and resources, Mr Wong says.

Part of Surbana Jurong’s value proposition is that there is a com-pelling testimonial in Singapore’s rapid development, which clients

can witness with their own eyes. Surbana started out in 1960 as part of the Housing Development Board (HDB) tasked to solve Singapore’s housing crisis, while Jurong International began its work in the 1960s to oversee the development of Jurong Industrial Estate. “In Singapore, you can see everything we’ve done,” Mr Wong says.

“We’ve helped design over a million public homes, and also community spaces like hawker centres, libraries and malls. We were involved in the reclamation of the land in Changi Airport, the highway from the airport to the city, the industrial estates, the sewer-age and water systems, and now the next biggest port here in Tuas,” he says.

In-house expertiseIn all, Surbana Jurong’s track record in Singapore, along with its newly acquired pool of in-house expertise and its revamped internal processes, have shaped it to become a one-stop consultancy with a hard-to-beat value proposition, Mr Wong says.

Its urban and economic planners can plan for an entire city, such as Amaravati, the new capital city of India’s Andhra Pradesh state that Surbana Jurong has designed.

Its geotechnical engineers can understand issues around re-clamation and soil formation, its mechanical and electrical engin-eers understand building requirements, its rail specialists can plan signalling and ticketing systems, and its civil engineers can plan for bridges and highways.

In planning for buildings, Surbana Jurong has an existing divi-sion that handles facilities management, such as maintaining air-conditioning units and lifts. Last year, it acquired security ser-vices firm AETOS Holdings to complete the value chain.

Having successfully taken Surbana Jurong global in just two years, the task remains for the firm to execute successfully on its projects and continue building an enviable track record.

“We want to be Asia’s powerhouse and a global leader for urb-anisation, industrialisation and infrastructure projects,” Mr Wong says. “Now, we have every trade, every discipline in the company. There are very few companies in the world today that can claim the same.”

PHOTO: YEN MENG JIIN

Surbana Jurong’s bold steps to take on the world

Dare to change

CEO CONVERSATIONS2017 asean edition

‘We want to be Asia’s powerhouse and a global leader for urbanisation, industrialisation and infrastructure projects.’

– Wong Heang Fine, group CEO ofSurbana Jurong Private Limited

12 | The Business Times | Friday, July 21, 2017

Published and printed by Singapore Press Holdings Limited. Co. Regn. No. 198402868E. A member of Audit Bureau of Circulations Singapore. Customer Service (Circulation): 6388-3838, [email protected], Fax 6746-1925.