SCIB inks MoU for RM250mil Bintulu housing project

Sarawak Consolidated Industries Bhd group managing director Ku Chong Hong

KUALA LUMPUR: Sarawak Consolidated Industries Bhd’s (SCIB) wholly-owned subsidiary, SCIB Properties Sdn Bhd (SCIBP) has entered into a memorandum of understanding (MoU) with Kemena City Development Sdn Bhd (KCD) and Smart Borneo Properties Sdn Bhd (SBP).

In a statement, the industrialised building systems specialist said the MoU marked the preliminary stage for a potential joint venture focusing on a substantial residential development project in the Kemena Land District, Bintulu, Sarawak, with a projected value of RM250mil.