UGL to bid for China’s infrastructure projects

Engineering and property services company UGL plans to bid for China's domestic infrastructure projects, said Richard Leupen, managing director and CEO of the company.

Despite the economic slowdown in China, UGL believes in the long-term potential of the country, said Leupen.

Leupen said that UGL will continue to increase its business in China and will bid for services projects in roads, airports and other infrastructure projects.

UGL acquired global real estate services company DTZ in December 2011.

On Sept 5, UGL said in Shanghai that its property services business, comprising UGL Services and DTZ, will be united under a single global brand.

Leupen said the acquisition helped boost UGL's presence in China and supported DTZ financially.

Leupen also said that UGL will continue to seek more opportunities to acquire Chinese companies to maintain growth in the country.

Besides property services, UGL has experience of cooperating with Chinese companies, including Hong Kong’s MTR and Huawei, in various overseas infrastructures projects from railway construction to telecom management.

UGL has a global presence across 52 countries and more than 56,000 employees and subcontractors. Its global operations include Australia, New Zealand, Asia, Europe, the United Kingdom, the Americas and parts of the Middle East.