Scomi inks JV deal with Zuha

Scomi said the JVA was in line with its strategy of seeking strategic alliances that offers synergistic growth benefits that will contribute towards generating recurring revenue and sustainable profits. Zuha is primarily involved in the public transportation and energy sectors.

PETALING JAYA: Scomi Group Bhd has signed a joint venture agreement (JVA) with Zuha Systems Sdn Bhd to jointly explore opportunities in the rail industry.

Scomi said the JVA was in line with its strategy of seeking strategic alliances that offers synergistic growth benefits that will contribute towards generating recurring revenue and sustainable profits.

Zuha is primarily involved in the public transportation and energy sectors.

Scomi said in a statement it expected the JVA to offer vast potential for the company as both organisations bring complementary experience and expertise to the JV.

“The JV will target opportunities in new conventional rail and urban rail projects which are anticipated in the country.”