IJM bags three contracts worth RM680mil

KUALA LUMPUR (Bernama) -- IJM Construction Sdn Bhd, a wholly-owned subsidiary of IJM Corporation Bhd (IJM Corp), has secured three construction contracts worth RM680 million.

In a statement today, IJM Corp said the contracts comprised a RM242.4 million serviced apartment project in Segambut, a RM382.8 million luxury residential project in Bukit Kiara, both in Kuala Lumpur, and a RM55.0 million factory expansion project in Batu Kawan, Penang.

It said the Segambut project was secured from JKG Central Park Sdn Bhd, a wholly-owned unit of JKG Land Bhd, whereby IJM Construction will be responsible for the construction of two tower blocks of serviced apartments.

"The serviced apartments make up Phase 2 of JKG Land’s flagship The ERA @ Duta North mixed development project in Segambut. Construction has commenced this month and is scheduled for completion within 38 months in December 2024,” it said.

As for the RM382.8 million luxury residential project which was awarded by Sime Darby Property (KLGCC Resort) Sdn Bhd, IJM Construction will build two 41-storey luxury residential towers for the developer’s Jendela Residences within the KLGCC Resort township in Bukit Kiara.

"The project will take about 31 months to complete from its scheduled commencement from April 2022 to November 2024,” it said.

On the RM55.0 million factory expansion project, IJM Corp said it is for electronics manufacturing services firm, Hotayi Electronic (M) Sdn Bhd.

"The construction of the 190,000-square feet production facility and warehouse has commenced in October 2021 and is scheduled for completion within 6.5 months in April next year,” it said.

IJM Corp said the three contract awards will bring IJM Construction’s year-to-date contract wins to eight projects worth RM1.34 billion for its financial year ending March 31, 2022.

As of end-June 2021, the outstanding order book of IJM’s Construction division remains healthy at approximately RM4.0 billion, it added.

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