Citaglobal wins RM200mil Sanglang Project EPC contract


Citaglobal executive chairman and president Tan Sri Mohamad Norza Zakaria

PETALING JAYA: Citaglobal Bhd has secured a RM200mil letter of intent to undertake engineering, procurement and construction (EPC) works for the development of the Sanglang Integrated Jetty project in Perlis.

In a filing with Bursa Malaysia yesterday, the group said its wholly-owned subsidiary, Citaglobal Engineering Services Sdn Bhd, had received the EPC contact from Mutiara Perlis Sdn Bhd.

“The full development of the Sanglang Project is divided into four phases, which are Phase 1A, Phase 1B, Phase 2 and Phase 3.

“The contract sum of Phase 1A is RM200mil, while the contract sum for the other phases have yet to be determined. Citaglobal will first finalise the award to execute Phase 1A of this project."

With this award, Citaglobal’s existing orderbook will increase to RM933.2mil from RM733.2mil previously.

“We are grateful to have been awarded this high-value project, that was featured in the recently retabled Budget 2023 by the Prime Minister. Our successful completion of Phase 1 of the Kedah Rubber City project could have been one of the factors in earning us the credentials to undertake this important project.

“Our immediate focus is to finalise Phase 1A of the Sanglang Project contract as well and efficiently as possible,” chairman and president Tan Sri Mohamad Norza Zakaria.

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