The bids comprise 40% in the O&G, 40% non-O&G, and 20% in the ICT sectors

by NUR HANANI AZMAN/ pic by TMR FILE

SERBA Dinamik Holdings Bhd is aiming to secure additional contracts focusing on three sectors to boost the company’s performance despite the challenging market environment.

Group MD and CEO Datuk Dr Mohd Abdul Karim Abdullah (picture) said the value of current bids in progress is some RM17 billion.

“The bids comprise 40% in the oil and gas (O&G), 40% non-O&G, and 20% in the information and communications technology (ICT) sectors,” he told The Malaysian Reserve.

Serba Dinamik’s share price settled up seven sen or 4.27% at RM1.71 for a market value of about RM5.8 billion after it secured a US$350 million (RM1.47 billion) contract to build a data centre and related facilities in Abu Dhabi.

With that contract, Serba Dinamik’s current orderbook is now lifted to RM18.5 billion, Mohd Abdul Karim said.

“Data centres play a vital role in realising the Fourth Industrial Revolution (IR4.0) technologies and other futuristic technologies.

“By securing this contract, it helps to put Serba Dinamik’s name in this area of expertise. It will open up more opportunities in similar prospects globally,” he explained.

Its unit Serba Dinamik International Ltd has received and accepted a letter of award from Future Digital Data Systems LLC (FDDS).

The contract is to undertake among others, the engineering, procurement, construction and completion of a data centre and its related facilities, infrastructure and landscaping, all in Abu Dhabi.

The project, which is expected to start on Sept 1, will be built at Mussafah, Abu Dhabi, in phases and is a master plan for a total IT data centre with a capacity of 20MW.

This data centre can host mission critical systems and provide co-location services, business continuity and managed services facilities to local and international organisations.

The project forms part of FDDS’ initiatives to develop a series of data centres across the Middle East and North Africa (MENA) region, supporting its activities in Abu Dhabi and the rest of the Gulf Corporation Council by addressing the growing market for cloud, artificial intelligence, machine learning, Internet of Things and big data analytics services.

Mohd Abdul Karim said this project demonstrates the group’s ability to continue winning tenders for projects despite the economic uncertainties due to the Covid-19 pandemic.

“We are confident that the group will hit another peak for the financial year ended 2020 as this contract will not only improve our top line but also contribute significantly to the IT segment.

“This project also strengthens our brand throughout the MENA region,” he said.

While the project further demonstrates the group’s diversification from the O&G industry, it also shows the vast potential in ICT for the corporate and consumer markets as businesses and people adopt new working practices or processes that need the technologies surrounding IR4.0

“We see this adoption accelerating from the pandemic,” he added.