PETALING JAYA: Cahya Mata Sarawak Bhd
has clinched a RM550mil contract from the Sarawak state government to construct the Borneo Convention Centre Kuching II in Kuching, Sarawak.
In a filing with Bursa Malaysia, the group said it was awarded the letter of acceptance via its 51% owned-subsidiary, CMS Land Sdn Bhd.
The contract entails the design and construction of the entire convention centre, including the foundation, substructure, superstructure, building works, mechanical and electrical services, fit-out works, as well as testing and commissioning.
The project is slated to commence in April 2025 and is expected to be completed in the first quarter of 2028 (1Q28). The contract is expected to be signed in 2Q25.
The project is expected to positively contribute to the group’s earnings and net assets for financial years ending Dec 31, 2025, to Dec 31, 2028.
