Sarawak Consolidated has secured an RM64 million EPCC job from Twinwood Developments for the construction of a 35 storey service apartment block in Petaling Jaya.
The EPCC contract is for the 35-storey service apartment which comprises 332 units and contains 8 levels of podium parking space, 1 level of facilities, 26 floors of service apartments, and 1-storey of basement partial parking space. The project is expected to have a duration of 20 months beginning December 2021, which includes the time for the mobilization of the project.
CEO, Rosland Othman expressed, “The project that we have secured gave us the momentum we needed to continue our expansion into Peninsular Malaysia. This shows that despite the setback we had in terminating the contracts for our Middle East projects, we managed to stay resilient and secure opportunities in the country. We are focusing on leveraging our strength as the largest precast concrete and Industrialized Building System (“IBS”) manufacturer in East Malaysia to develop opportunities not only in East Malaysia but also in Peninsular Malaysia.
“Furthermore, by adopting 3D technology in our construction projects, this will give us the necessary competitive edge in the construction industry. Leveraging on our IBS offerings and the adoption of 3D technology, our projects will become more efficient than ever before and can be completed within a shorter time frame without sacrificing the quality of the building material”
“Concerning our recent stock trading suspension, we wish to stress again that SCIB’s operations will continue as usual. We want to further reassure all of our stakeholders, business partners, vendors and employees that we are working with our external auditor to expedite the finalisation of the audit of the financial statements, and we are targeting the annual report to be issued by December this year” Rosland added.
