PETALING JAYA: ARB Bhd has clinched a US$20mil (RM83.5mil) enterprise resource planning (ERP) system and solutions project in Cambodia.
The group, via its wholly-owned subsidiary, ARB Development Sdn Bhd (ARBD) inked a memorandum of understanding (MoU) with East Insurance Plc.
According to a Bursa Malaysia filing, ARBD will deploy the ERP system and information technology (IT) related hardware and software for East Insurance, while East Insurance shall outsource the IT management project to ARBD.
The project value is not less than US$20mil.
In a press release yesterday, ARB CEO (investment & technology) Datuk Larry Liew Kok Leong said the collaboration with East Insurance demonstrates the trust and recognition for the group’s ERP and IT capabilities and technical skills.
“Our entry into the Cambodian market marks another significant milestone for our ERP business as we continue to pursue growth in line with our strategy to expand our portfolio and geographical presence.
“This venture is part of ARB’s three-year international expansion roadmap, and we intend to grow our portfolio via similar collaborations,” he said.