KTI Landmark Berhad (KTI) said that its wholly-owned subsidiary, K.T.I. Sdn Bhd, has accepted a letter of award from Jawat Johan Sdn Bhd to serve as the IBS specialist sub-contractor for the Rumah Keluarga Angkatan Tentera (RKAT) project at Pangkalan Udara Labuan.

The contract, valued at approximately RM49.99 million, marks KTI’s second sub-contract for the RKAT initiative in 2024, following an earlier award for RKAT Kem Lok Kawi.

The new contract extends over a 14-month period, from November 25, 2024, to January 25, 2026, and is expected to positively impact KTI Group’s revenue and earnings over the contract duration.

The award brings KTI’s total contracts secured in 2024 to approximately RM214.37 million. — TMR