KUALA LUMPUR: Meta Bright Group Bhd
’s (MBGB) 70 per cent-owned subsidiary, Expogaya Sdn Bhd, has secured a concrete supply contract worth about RM60 million from Megamas Jaya Sdn Bhd.
In a statement today, MBGB said Expogaya will supply ready-mixed concrete to Megamas Jaya and its appointed procurement representative, Pembekal Mewah Enterprise Sdn Bhd, for the 88 Avenue mixed-development project in Kota Kinabalu, Sabah.
"This high-profile development, situated in the central business district of Kepayan is poised to become a landmark destination.
"The project comprises residential units, serviced residences, and retail outlets, and will benefit from its proximity to the Kota Kinabalu International Airport, catering to both local and international demand,” it said.
As Malaysia advances toward its ambitious infrastructure and economic targets, MBGB said it remains focused on capturing opportunities within the nation’s evolving landscape, underscoring the group’s resilience and forward-looking growth strategy in line with its developmental agenda.
MBGB executive director of corporate and strategic planning Derek Phang Kiew Lim said the contract with Megamas Jaya strengthens the company’s foothold in Sabah’s concrete supply industry.
He noted that it is also a testament to Expogaya’s operational expertise and dedication to supporting transformative development projects like 88 Avenue.
"As the largest ready-mix concrete supplier in the region, we are proud to contribute to the infrastructure growth that is vital to Sabah’s continued economic expansion,” he said.
In a separate statement, the company said the contract is expected to contribute positively towards the group’s future earnings throughout the contract period.
"The supplier and the customer agree that the contract shall come into force and effect from the date of the contract and shall continue for a five-year period,” it added. - Bernama
