Muhibbah on track for new Cambodia deal

PETALING JAYA: CGS International Research (CGSI Research) expects a favourable outcome from Muhibbah Engineering (M) Bhd’s Phnom Penh airport concession in Cambodia, which would likely include compensation and a new operating agreement for the new airport in Kandal.

Following a recent meeting with Muhibbah, the research house came away feeling more positive on the airport concession as the construction group indicated that negotiations with the Cambodian authorities are progressing well.