The building and industrial service engineering specialist, Bintai Kinden is pleased to announce that the Company’s sub-subsidiary, Johnson Medical International (JMI), has signed a memorandum of understanding (MoU) with Medical Renewable Care Company (MRC or under its trade name known as Nouveta) to explore a collaboration providing mechanical and engineering (M&E) solutions and services to the healthcare industry of Saudi Arabia and future expansion in Dubai, United Arab Emirates (UAE).
JMI specialises in the design, manufacture and installation of customized hospital support system equipment and provision of nursing home services.
Nouveta, which is based in Jeddah, Saudi Arabia, provides healthcare-related products and services to doctors, hospitals and pharmacies.
“This MoU gives us the framework to explore in more concrete terms how JMI and Nouveta can collaborate further in Saudi Arabia and the UAE and leverage on the opportunities that can be found in these countries,” Azri Azerai, Executive Director of Bintai Kinden said.
“As a first step, we are looking to appoint Nouveta as JMI’s distributor in Saudi Arabia and secondly, we will study more on the commercial viability of providing M&E solutions and services in Dubai and the rest of the UAE that may encompass a wider market than just hospitals and pharmacies. We look forward to deepening the partnership with Nouveta.”
“We look forward to a fruitful relationship with JMI and Bintai Kinden. We believe that there are opportunities for us to leverage on and grow together,” Ali Salem Alsubai, General Manager of Nouveta said.
Bintai Kinden, which recorded a net profit of RM0.91 million in the quarter ended 31 March 2022 (Q4 2022) against a net loss of RM6.59 million in the corresponding Q4 2021, also recently formed a partnership with Marafie Industries Co to supply piping materials to oil and gas related companies in Saudi Arabia as well as securing a series of projects from Petro Flanges & Fittings Sdn Bhd to supply piping materials.
