SCIB group managing director Ku Chong Hong,
PETALING JAYA: Sarawak Consolidated Industries Bhd
(SCIB) has secured a RM162mil revised contract from AUEI Teras Holding Sdn Bhd for the Perumahan Rakyat 1 Malaysia (PR1MA) affordable housing scheme in Kota Bharu, Kelantan.
In a filing with Bursa Malaysia, the industrialised building systems specialist said the contract will see SCIB delivering 632 residential units within a 36-month construction period, followed by a 24-month defect liability period.
SCIB had initially secured the letter of award from AUEI Teras Holding on May 18, 2021 for an initial contract amount worth RM120mil.
“This revised contract not only strengthens SCIB's position in the construction sector but also reflects our dedication to contributing to Malaysia's affordable housing landscape.
“We are honoured to be part of a project that resonates with our values of delivering high-quality living spaces while adhering to the highest standards of construction and environmental sustainability,” group managing director Ku Chong Hong said in a statement.
