KUALA LUMPUR: Sarawak Consolidated Industries Bhd
’s (SCIB) wholly-owned subsidiary, SCIB Industrialised Building System Sdn Bhd (SIBS), has secured a RM24.59mil engineering, procurement,
construction and commissioning (EPCC) subcontract from Belian Juta Sdn Bhd.
In a statement, the construction and EPCC specialist said the subcontract was for the proposed reconstruction works of the dilapidated school building at Sekolah Kebangsaan Kaingaran in Tambunan, Sabah.
Under the subcontract, SIBS will undertake the reconstruction works, including the supply of materials, machinery, equipment, mechanical plants and labour required for the project.
The project is scheduled to commence on Aug 10, 2026, and is expected to be completed by Jan 22, 2029, providing earnings visibility over an execution period of about 29 months.
SCIB said the latest contract strengthens its construction and EPCC project pipeline in Sabah while reinforcing its presence in public sector education infrastructure projects.
Non-independent non-executive chairman Datuk Chong Loong Men said the contract reflects continued confidence in the group's project execution capabilities in Sabah's public infrastructure sector.
“Sabah continues to offer attractive opportunities, driven by ongoing investments in education, public infrastructure and community facilities.
“As we continue to strengthen our presence in East Malaysia, our focus remains on disciplined project selection, effective project execution and expanding our order book with quality projects that support sustainable earnings visibility,” he said.
The group expects the contract to contribute positively to its earnings over the duration of the project, with revenue and profit to be recognised progressively based on the progress of the works.
The project will be funded through internally generated funds and/or project progress billings.
