BUSINESS

EVERSENDAI BAGS PROJECTS WORTH RM490.1 MLN IN MIDDLE EAST, NORTH AFRICA

11/03/2020 01:38 PM

KUALA LUMPUR, March 11 -- Eversendai Corporation Bhd has been awarded RM490.1 million worth of projects in Morocco, Qatar and Saudi Arabia, pushing its construction order book near all-time high of RM2.69 billion.

The newly secured contracts include a 55-storey luxurious commercial tower project in Morocco, North Africa and two commercial towers in the heart of the Lusail City Financial District development in Doha, Qatar.

“The construction industry in Qatar is expected to benefit from investments made in preparation for the 2022 FIFA World Cup and Qatar National Vision 2030,” the group said in a statement today.

In Saudi Arabia, Eversendai won a contract to build a facility control centre and an administrative building for a metro station, it said, adding that the kingdom’s economy appears to be the most vibrant in the Middle East’s construction sector.

“Our entry into North Africa is another testament of sustaining our fundamental values and capitalising on long established client relationships in delivering projects without compromise.

“We remain optimistic in the regions where we operate with many new opportunities in the pipeline,” executive chairman and group managing director Tan Sri A K Nathan said.

-- BERNAMA


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