Econpile wins RM44mil contract in Cambodia

PETALING JAYA: Econpile Holdings Bhd has secured a US$9.5mil (RM43.8mil) piling contract for a mixed high-rise development project in Cambodia.

In a filing with Bursa Malaysia, the piling and foundation specialist said its wholly-owned subsidiary in Cambodia, Global Piling Solutions Co Ltd, secured the letter of acceptance from Odom Living Co Ltd to undertake bored piling and diaphragm wall works for Odom Development at Norodom Boulevard, Sangkat Tonle Bassac, Phnom Penh in Cambodia.

The project duration will span 248 calendar days from June 1, 2023.

The Odom Development comprises two towers made up of 45-floor office spaces and 22-floor residential spaces, which are connected by a five-floor podium with commercial spaces.

The new contract brings the group’s new wins year-to-date to RM266.7mil and boosts its current order book to approximately RM410mil, which will be recognised until 2024.

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