Damansara Realty gets security services contract for Rapid

DAMANSARA Realty Bhd has secured a RM26.21 million contract to provide security management services for Petroliam Nasional Bhd’s (Petronas) Refinery and Petrochemical Integrated Development (Rapid) project in Pengerang, Johor.

The company said the contract can be extended to include additional services worth RM9.77 million. Petronas’ subsidiary PRPC Utilities and Facilities Sdn Bhd awarded the contract to a consortium comprising Damansara Realty’s subsidiary TMR Urusharta (M) Sdn Bhd, ACME Security Sdn Bhd and AHS Security Sdn Bhd (the TMR Consortium).

Damansara Realty said under the terms of the contract, the TMR Consortium will operate and maintain security for utilities, interconnecting and offsite facilities at Rapid, the second mega project in Johor’s Pengerang Integrated Petroleum Complex.

“The contract will last for 21 months. Revenue contribution will commence immediately. The project is expected to have a positive impact on Damansara Realty’s earnings and net assets from the financial year ending Dec 31, 2017,” the company said in a statement yesterday.

Damansara Realty group CEO Brian Iskandar Zulkarim said: “This contract win is a tremendous validation of the group’s integrated facilities management offerings. We will continue to leverage on synergies between our divisions to become a onestop preferred assets and facility management solutions provider.”

Damansara Realty announced on Sept 26, 2016, that a 70%-owned TMR joint venture had secured a RM124 million contract to operate and maintain the temporary executive village and management office of Petronas’ Rapid project.

“This marks our second contract win for the Rapid project, underscoring the vote of confidence in our services. We will continue to enhance and build upon our services to ensure we remain at the forefront of the industry,” said TMR MD Shamsul Mohd Salleh. — TMR