Surbana Jurong partners Ping An Trust to develop industrial new township projects in China

Surbana Jurong, one of the largest Asia-based urban and infrastructure consulting firms, and Ping An Trust Co., Ltd., a subsidiary of Ping An Insurance (Group) Co, Ltd, today signed Memorandums of Understanding (MOUs) to collaborate on the development of Industrial New Township projects in China, beginning with the Shenzhen International Bio-Valley Industrial Park.

The MOUs were signed at the ninth Singapore-Guangdong Collaboration Council meeting held on 24 August 2018.

Under the agreements, Surbana Jurong and Ping An Trust will collaborate in the development of Industrial New Township projects, with Shenzhen International Bio-Valley Industrial Park as the partners’ pilot project. The Park, located in Shenzhen’s Dapeng New District and covering 31.9 square kilometers, is slated to be a world leading bio-tech innovation centre and industry cluster. The Park is a key development project for Shenzhen, and Ping An Group has recently signed an agreement with Dapeng New District Management Committee to play a leading role in the development of the Park.

Ping An will tap Surbana Jurong’s global planning and design expertise to develop the Park into a leading international centre for biotechnology innovation.

Teo Eng Cheong, CEO International (Singapore, Southeast Asia & North Asia) of Surbana Jurong said, “Surbana Jurong is excited to partner with Ping An Trust on sustainable Industrial New Township projects in China, starting with the Ping An Shenzhen International Bio-Valley Industrial Park. We will leverage our many years of experience to plan and design Industrial New Towns that are economically, socially and environmentally sustainable.” — Construction+ Online

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