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SHANGHAI, June 7, 2018 /PRNewswire/ -- AECOM, a premier, fully integrated global infrastructure firm, announced today it has signed a Memorandum of Understanding (MOU) with Shanghai Greenland Construction Group Co. Ltd., a subsidiary of Greenland Group (Greenland), a publicly-listed, Fortune Global 500 company and among China's largest, to explore long-term, joint opportunities for integrated delivery projects in the People's Republic of China and globally.
Under the terms of the MOU, AECOM and the Greenland unit plan to coordinate on large-scale construction projects where integrated consultancy and comprehensive construction services are critical to ensure successful delivery.
Today's agreement reflects the robust real estate development partnership between AECOM and Greenland. Over the years, the companies have collaborated on five developments around the world, extending their reach beyond China, and with projects that are successively larger and more complex. In the United States, for example, the two companies successfully delivered the mixed-use, US$1.2 billion Metropolis development in downtown Los Angeles, of which the first phase opened in 2016. The latest agreement between the two firms is for the construction of the London Spire, planned to be the tallest residential development in Western Europe.
"Our cooperation with Greenland, which has thrived over several years, creates a strong foundation to explore an even wider universe of future opportunities," said Daniel McQuade, president of AECOM's Construction Services group. "Aligning our capabilities and resources more closely through the structure of the MOU we signed today enables us to provide a truly differentiated offering of integrated services, in a flexible and reliable manner."
"The successful relationship we have with AECOM grows because it is built upon just that -- success," said Mr. Tong Sun, executive vice president of Greenland Holdings Group. "With China's domestic construction industry expanding further and Chinese construction companies seeking to participate in more projects around the world, we foresee great potential for our offerings now and in the years to come."
About AECOM
AECOM is built to deliver a better world. We design, build, finance and operate infrastructure assets for governments, businesses and organizations in more than 150 countries. As a fully integrated firm, we connect knowledge and experience across our global network of experts to help clients solve their most complex challenges. From high-performance buildings and infrastructure, to resilient communities and environments, to stable and secure nations, our work is transformative, differentiated and vital. A Fortune 500 firm, AECOM had revenue of approximately $18.2 billion during fiscal year 2017. See how we deliver what others can only imagine at aecom.com and @AECOM.
About Shanghai Greenland Construction (Group) Co., Ltd
Established in 1959, Shanghai Greenland Construction (Group) Co., Ltd. is a large-scale comprehensive construction and real estate company affiliated to the Greenland Group. Currently, it has the special qualification for the general contracting of the building construction, and six first-class qualifications for the general contracting of the construction of municipal public works, smelting project, steel structure engineering, construction and decoration engineering, mechanical and electrical equipment installation engineering, foundation engineering, as well as several professional special qualifications of steel construction, equipment maintenance, construction industry. The construction of the company involves various industries and categories, including large residential areas, high-level civil buildings, central business districts, high-end office buildings, hospitals, schools, stadiums, factories, urban roads, rail transportation, and large bridges. And its business span from major regions in China to several countries in ASEAN.
Media Contact:
David Nugent
Principal, External Communications, Asia
T: +65-6580-2717
M: +65-8385-7279
E: david.nugent@aecom.com
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