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Focus on Greater Foothold in the Middle East

Sarawak Consolidated Industries Bhd is banking on Oman and other Middle East countries to help it reach a year-end order book of RM1.5 billion.

Group managing director and chief executive officer Rosland Othman hopes to secure more several engineering, manufacturing, construction and commissioning projects in Oman.

Rosland observed that Oman ‘s new public private partnership legislation had drawn investments, particularly in the construction of special economic zones, although many major infrastructure schemes in Qatar were speeding up for the 2022 FIFA WC.

As for the United Arab Emirates, Rosland said that the Kingdom had robust fundamentals through the growth of infrastructure against the world.

In April of this year, Sarawak Consolidated — through its subsidiary SCIB International (Labuan) Ltd — secured engineering, procurement , construction and commissioning (EPCC) contracts worth a combined RM864.5 million in Oman and Qatar.

The schemes are in their early stage of design and preparation, with the goal being finished by the second quarter (Q2) of 2021. We will continue to expand our footprint globally and locally in different geographical areas, such as Malaysia like Sarawak and Indonesia.

He added that through any possible joint venture or company partnerships, Sarawak Consolidated will also continue to explore opportunities. Besides countries in the Middle East, the organization is now developing in the Maldives, China and Singapore to reach international markets.

In Sarawak, with several ongoing infrastructure projects in the pipeline, it will continue to leverage its strong state presence. These include the Pan Borneo Highway, the Second Trunk Road, Sarawak Coastal Road and Bridges and the Water and Power Supply Grid.

It was announced in May this year that Sarawak Consolidated was in the process of securing a Petroliam Nasional Bhd license to explore ventures in the oil and gas (O&G) market. The company aims to undertake the civil infrastructure works in Malaysia’s O&G sector and looking to acquire another company with a licence to execute the jobs.

For the first quarter ( Q1) FY20, Sarawak Consolidated reported a net income of RM4.28 million, an rise of 170 percent from last year’s RM1.59 million, from higher sales, which increased from RM17.44 million to RM51.78 million by 198 percent year-on-year (yoy).

It was announced in May this year that Sarawak Consolidated was in the process of securing a Petroliam Nasional Bhd license to explore ventures in the oil and gas (O&G) market. The company aims to undertake the civil infrastructure works in Malaysia’s O&G sector and looking to acquire another company with a licence to execute the jobs.

For the first quarter ( Q1) FY20, Sarawak Consolidated reported a net income of RM4.28 million, an rise of 170 percent from last year’s RM1.59 million, from higher sales, which increased from RM17.44 million to RM51.78 million by 198 percent year-on-year (yoy).

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