Mudajaya bags RM119mil deal to build M’sian Rubber Board HQ


TPIRUB...RAFIDAH SAAD SHOWING A POT OF LATEX WHILE HER NEW-FOUND EMPLOYER, RAPEAH SALLEH (RIGHT) LOOKS ON 01 Feb 2006

KUALA LUMPUR: Mudajaya Group Bhd has clinched a RM118.6mil contract to build the 16-storey Hevea Tower in Sungai Buloh, which is expected to be the Malaysian Rubber Board’s (MRB) corporate headquarters.

In a filing with Bursa Malaysia, the construction, property development and utility group said its unit Mudajaya Corp Bhd had accepted a letter of award to build the office complex with a three-storey podium and letter of addendum from the KLIA Consult Services and KLIA Associates (KLIAA-KLIACS) consortium.

MRB had signed an agreement in December 2013 to develop its headquarters as well as a research and development centre, a college, a rubber discovery museum centre and a business cluster on its 216.5ha land with project delivery partner KLIA Premier Holding’s units, KLIA and KLIACS. The project, then scheduled to be completed by Aug 30, 2018, was reported to cost RM1.1bil.

According to Mudajaya’s announcement on Tuesday, Hevea Tower is targeted to be completed by September 2019.

“The project is expected to contribute positively to the group’s earnings for the financial year ending Dec 31, 2017, onwards,” it said.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Oil gains 1% on hopes of firmer demand
JPMorgan investors weigh CEO Dimon’s strategy, succession plan
Muhibbah rides on Cambodian tourism uptick
Feytech gears up for expansion to meet growing demand
Ready to rise up the ranks again
SC working overtime to combat spread of scams
Russia and Malaysia sign tax agreement
MGB ACHIEVES 23% PROFIT SURGE IN 1Q24
GDP up 4.2% in 1Q24
Chinese firms invest in ‘green’ jet fuel

Others Also Read