HSS Engineers Bhd executive vice-chairman Tan Sri Ir. Kuna Sittampalam
KUALA LUMPUR: HSS Engineers Bhd
(HEB) is acquiring a 12% equity stake in PT Oriental Consultants Indonesia to bolster its regional presence.
PT Oriental, a 55% subsidiary of Oriental Consultants Global Co Ltd, is an Indonesian firm specialising in engineering consultancy services, including engineering design, urban planning services, and construction consultancy.
“Our acquisition of a 12% equity stake in PT Oriental is to take advantage of the booming construction sector in Indonesia, along with our partnership with OC Global in the country. This marks our deeper relationship with OC Global following our earlier venture on project management consultancy for Phase 1B of the Jakarta Light Rail Transit project,” executive vice chairman Tan Sri Ir Kuna Sittampalam said in a statement.
“Leveraging on our success in many high-impact and complex infrastructure projects in Malaysia, we are keen to deploy our expertise in the areas of transportation (rail and roads) and water resources for long-term development in the 300-million-population nation.
“We are confident that HEB Group’s proven track record and market know-how will give us a competitive edge as we expand into emerging economies across the region.”
The remaining stakes in PT Oriental are held by PT Wahana Mitra Amerta and PT Bamko Karsa Mandiri, which hold 18% and 15% equity respectively.
HEB Group has an order book of RM1.5bil as at Dec 31, 2023, with the project management segment making up three-quarters of the order book’s value. The group is also tendering for RM528mil worth of infrastructure projects.
