Surbana Jurong and Vanke Industrial Town (Midwest) Co Ltd, a unit of China Vanke Co, have signed an agreement to jointly develop Industrial New Towns in China’s midwest regions. The project will feature the latest people-centric urban development model that integrates industrial developments and urban living. The aim is to create sustainable cities for residents to live and work in.
This collaboration brings together the partners’ complementary strengths to provide a one-stop complete value-chain solution in urban and industrial development. It combines Surbana Jurong’s global expertise in planning, design and engineering consultancy in urban and industrial sectors, with Vanke’s experience in China’s real estate development and management.
The first project that both parties plan to jointly undertake will be Vanke’s Jianzhou Dream Town in Chengdu, with Surbana Jurong providing the design for the city.
“Surbana Jurong is proud to partner Vanke in the sustainable long-term development of Chengdu. Designing sustainable cities that integrate work and play is a hallmark of Surbana Jurong and reflects our philosophy of ‘Building Cities, Shaping Lives’. With over 50 years of experience in urbanisation, industrialisation and infrastructure development in global projects, we are excited to work with Vanke in transforming Chengdu to a smart city for the people,” said Teo Eng Cheong, CEO International (Singapore, Southeast Asia and North Asia) of Surbana Jurong.
Wang Haiwu, senior vice president of China Vanke Co Ltd and chief executive of Midwest Region added, “As China’s leading developer and urban development service provider, Vanke is committed to develop the midwest regions to bring about sustainable growth for the regional economy. Our mission here is to focus on developing the city, while supporting industries and the government. Our partnership with Surbana Jurong is another big step towards people-focused development, and we will jointly advance Industrial New Town concepts that will be the benchmark of sustainable living.”
Following this agreement, the partners said they will explore setting up a joint venture.