# Surbana Jurong Private Limited

Surbana Jurong Private Limited is an other based in Singapore, Singapore.

## Overview

- **Organization type:** other
- **Headquarters:** Singapore, Singapore
- **Region:** North America
- **Address:** Singapore, Singapore
- **Assets under management:** Undisclosed

## Regulatory record

- **Reports private funds:** No

## About

Surbana Jurong Private Limited was formed in 2015 when Temasek Holdings merged its two long-standing portfolio companies: Surbana International Consultants (founded 1962 as the Housing Development Board's design arm) and Jurong International (the engineering consultancy behind Singapore's Jurong Industrial Estate). The firm is now wholly owned by Temasek and operates as a commercial entity, not a direct state agency. Its wealth origin is the Singaporean state's surplus capital, channeled through Temasek's strategic holdings. The firm's investment strategy centers on infrastructure and urban development, with a focus on master planning, civil engineering, and building services. It deploys capital through direct project contracts, joint ventures with local governments, and long-term concessions—primarily in Asia, the Middle East, and Africa. Confirmed projects include the Singapore Changi Airport Terminal 5 master plan, the New Clark City in the Philippines, and a water treatment plant in Oman (per Surbana Jurong official publications, 2023). It also holds a portfolio of real estate assets through its subsidiary, AETOS Security Management. Surbana Jurong employs an estimated 16,000 professionals across more than 40 offices globally. In 2023, it reported an annual turnover of approximately SGD 2.6 billion (per the firm's financial statements). The firm operates adjacent entities including AETOS (security services) and SUTD (partnership with Singapore University of Technology and Design). A recent operational event was the opening of a new office in Dubai in September 2024 to expand Middle East operations (per press release, September 2024). The firm's structural differentiator is its dual role as both a state-backed contractor and a private profit-seeking entity. Unlike pure engineering firms, Surbana Jurong can leverage Temasek's balance sheet to underwrite large-scale urban development projects. Its governance is corporate, with a board appointed by Temasek, separating operational management from sovereign fund oversight. This hybrid structure enables long-horizon project commitments that private firms often avoid.

## Sectors

- Infrastructure
- Real Estate
- Urban Development
- Engineering & Construction
- Energy

## Offices

- Menlo Park, United States
- Hanover, United States
- San Francisco, United States

## Questions

### Who owns Surbana Jurong?

Surbana Jurong Private Limited is wholly owned by Temasek Holdings, the Singaporean sovereign wealth fund, which acquired it in 2015 through the merger of Surbana International and Jurong International. Temasek holds approximately 100% equity (per Temasek portfolio disclosures, 2023).

### Does Surbana Jurong function as a sovereign wealth fund or a contractor?

It operates as a commercial engineering and project management company, not a direct investment fund. While Temasek owns it, Surbana Jurong competes for contracts like private firms, with a focus on infrastructure and urban development. It does not manage a fund or make passive investments.

### What are Surbana Jurong's main business lines?

The firm's core activities include urban and industrial master planning, civil engineering, building design services, security management through AETOS, and real estate consultancy. It covers the full lifecycle of infrastructure projects from feasibility studies to operations and maintenance.

### Which major projects has Surbana Jurong been involved in?

Notable projects include the master plan for Singapore's Changi Airport Terminal 5, the development of New Clark City in the Philippines, the construction of water treatment plants in Oman, and urban planning projects in Saudi Arabia under Vision 2030 (per firm publications, 2022–2024).

### How does Surbana Jurong source its projects?

Projects are sourced through competitive bidding for governments and multilateral agencies, long-term partnerships with infrastructure developers, and joint ventures with local firms. Temasek's network occasionally provides introductions, but the firm competes on merit and price.

### What is the geographic focus of Surbana Jurong?

The firm has a global footprint with over 40 offices across Asia, the Middle East, Africa, and North America. Its primary revenue is from Asia, particularly Singapore, China, and Southeast Asia, with growing operations in the Middle East and Africa.

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Last updated: 2026-06-03T20:00:00.000Z

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