SCIB (9237): SARAWAK CONSOLIDATED INDUSTRIES BHD bags nearly RM822m contracts in Kuching, Qatar
KUALA LUMPUR: Sarawak Consolidated Industries Bhd (SCIB) secured contracts totalling RM821.97mil for a property development project in Kuching and an engineering and construction job in Qatar.
SCIB said in a statement to Bursa Malaysia on Tuesday it had accepted the letter of award for an engineering, procurement, construction and commissioning contract in Kuching worth RM421.97mil.
The 108-month contract, which was awarded by Lestari Asiabina Sdn Bhd, is for the 20-storey mixed development tower, condominiums and apartments, a clubhouse and shophouses.
As for the Qatar project, it is for the country’s north field expansion where it will provide the manpower, civil and mechanical, electrical & plumbing engineering work.
SCIB said the estimated contract value was US$98mil or nearly RM400mil. It was awarded by Interceptor Trading & Contracting Co. W.L.L. and the contract is for 30 months from February this year to July 2023.