Singapore firms boost footprint in Myanmar

Singapore urban planning and development firm Surbana International Consultants is expanding its Myanmar footprint.

Its new projects in the fast-emerging nation include a master planning project for i-Land Industrial Park in Bago division, just north of Yangon.

Surbana has also snagged projects in facilities management and design services for developments in Yangon, said the Temasek Holdings-linked company yesterday.

Surbana (Myanmar) general manager Gareth Wong said the i-Land Industrial Park is slated to be “a significant project that will support the economic growth plans of Bago division”.

“We are also working on several project management jobs (in Yangon), one of which is for the upcoming Polo Club Residences that will be launched later this month. In this short timeframe, Surbana has expanded into different sectors beyond Yangon.”

Earlier this year, Surbana announced two other major projects, including a residential development at Dagon Seikkan township in the east-central part of Yangon, and the Yangon Aquarium, slated to be a major tourist attraction.

As part of its growth strategy, Surbana awarded US$10,000 (S$13,000) worth of scholarships to five students from Yangon Technological University – aimed at growing Myanmar’s professional services sector in engineering and architecture.

“Surbana is committed to be in Myanmar for the long haul and to grow its presence,” said Mr Wong. “The scholarship is our first cross- collaboration project with the government, professional bodies, education institutions and developers to achieve this objective and it will also not be the last as we continue to secure more jobs in Myanmar.”

Surbana has also upgraded its branch office to a fully-fledged subsidiary to cope with the uptake in new job orders.

Another Singapore group, OCBC Bank, last month celebrated its 60 cumulative years of presence in Myanmar.

The bank operated a branch there for 40 years from 1923 to 1963, before returning to set up a representative office in 1994.

On Oct 1, OCBC won preliminary approval from the Central Bank of Myanmar to prepare for the commencement of banking operations there, as it re-establishes a branch presence.

Mr Daniel Tan, general manager-designate of OCBC’s new branch in Myanmar, has been tasked with preparations for the opening of the bank’s new branch in Yangon next year.


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