SCIB units secure EPCC contracts worth RM271mil


KUALA LUMPUR (Bernama) -- Sarawak Consolidated Industries Bhd's (SCIB) wholly-owned subsidiaries, SCIB Industrialised Building System Sdn Bhd and SCIB International (Labuan) Ltd have accepted two engineering, procurement, construction and commissioning (EPCC) contracts, worth RM271.14mil.

In a statement today, SCIB said the first contract, awarded by Dermaga Makmur Sdn Bhd, was to construct new school with 12 classrooms, six units of residences for teachers and other facilities at Sekolah Kebangsaan Kalor, Betong, Sarawak with an estimated value of RM18.3mil and was expected to be completed in March 2022.

The second contract, given by Pavilion Qatar Engineering Co. W. L.L., is for civil works - fire water project (47,000 metres) at Ras Laffan Industrial City - Power Station - in Qatar valued at US$62mil (equivalent to RM252.84mil) and is expected to be completed in November 2021.

SCIB group managing director/chief executive officer Rosland Othman said these projects had strengthened the group's order book to RM1.7bil and achieved an internal order book target of RM1.5bil for 2020.

"These successful bids are expected to improve our earnings for the next 12 to 18 months.

"We hope to pursue other projects locally in the coming year that will allow us to roll out more infrastructure developments for the people’s welfare,” he said.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3
   

Did you find this article insightful?

Yes
No

100% readers found this article insightful

Next In Business News

Why dealmakers expect tech M&A to keep up its red-hot run
Volkswagen looks to claim damages from suppliers over chip shortages
China Evergrande New Energy Vehicle Co attracts investors to raise US$3.4b
Taiwan says asking chip firms to help ease auto chip shortage
Bank Islam assists 350,000 customers impacted by Covid-19
Morgan Stanley CEO's annual pay rises by over 20%
‘Unstoppable’ luxury stocks remind some investors of US tech
Ambani’s Reliance doubles down on 5G pledge after record profit
PUNB offers payment deferment, rental discount
CPO futures may undergo technical correction next week

Stories You'll Enjoy