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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.

https://www.thestar.com.my/business/business-news/2021/02/09/scib-bags-nearly-rm822m-contracts-in-kuching-qatar

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