SCIB secures contracts valued at RM821m


SARAWAK Consolidated Industries Bhd (SCIB) has clinched two contracts worth RM821.32 million for engineering, procurement, construction and commissioning (EPCC) works in Malaysia and Qatar.

In a statement released yesterday, SCIB stated that it was awarded a letter of award (LoA) from Lestari Asiabina Sdn Bhd for an EPCC project in Kuching, Sarawak, worth RM421.97 million for a mixed development project at Muara Tuang Land District and part of River Bank reserve.

The project is expected to last for 108 months, which will be divided into four stages of 27 months each.

SCIB’s wholly-owned subsidiary received an LoA from Interceptor Trading & Contracting Co WLL for an EPCC contract in Qatar worth US$98 million (RM399.35 million).

This contract is expected to commence this month and end in July 2023 and will involve in aiding Qatar’s North Field expansion by providing the necessary manpower, civil engineering expertise, and also mechanical, electrical and plumbing engineering works.

SCIB group MD Rosland Othman said the securing of the projects gives the group the momentum to start the year in an optimum position.

“With an estimated total valuation of RM821.32 million, the pro- jects will definitely strengthen our orderbook from RM1.4 billion to RM2.2 billion. We believe securing the two projects will definitely contribute to making our financial year ending December 2021 to be promising, while also bringing us closer to our internal target of 15% to 20% increase for both top and bottom lines in the same financial year,” he said.

With the group being able to showcase its expertise in the global arena, SCIB hopes to acquire and expand on more local projects in the future.

“The local project that we secured is in line with our aim to roll out more infrastructure developments which will benefit the rakyat’s welfare.

“We are proud to be a part of Qatar’s North Field expansion, which is expected to raise Qatar’s liquefied natural gas production capacity from 77 million tonnes per annum (Mtpa) to 110Mtpa by 2025 and 126Mtpa by 2027,” Rosland said.