Eversendai wins RM120m contract in Dubai - March 12, 2005 ( The Star )

HONG BOON HOW

KUALA LUMPUR, March 12 : The Eversendai group has won its single largest contract in the Middle East – a 125 million Qatar riyal (RM130mil) structural steel job in Doha, Qatar.


Managing director A.K. Nathan said the job, which is a component of the Science and Technology Park project there, was awarded by the Qatar Petroleum group. It is scheduled for completion in 11 months.

The work includes structural steel connection design, shop drawing, supply of materials, and fabrication and erection works.

"We are very happy to win this contract as it inspires us to bid for more complex and challenging structural steel jobs in the future," Nathan told StarBiz in Kuala Lumpur Friday.

The Kuala Lumpur-based Eversendai group has carried out jobs in the Middle East for more than 10 years.

He said it was confident of securing more jobs in the fast-growing region, where it has ongoing jobs worth more than RM450mil.

In addition to the Science and Technology Park contract, Eversendai has also secured a structural steel job in Dubai, the United Arab Emirates.

Al Futtiam–Carillion JV awarded it the RM41mil contract that is part of the Dubai Festival City (DFC) project two weeks ago.

The job involves work on structural steel connection design, supply of materials, shop drawings, fabrication and erection.

"However, we expect the value of the job to go up to RM82mil as the scope of our work may be increased," he said.

The DFC is located along the eastern bank of the historic Dubai Creek, one of the world’s oldest seaports. The festival city is 2km from the Dubai International Airport.

The DFC, covering 2.4 million sq ft, will be designed as a centre for high-end living, dining and recreation.

The company specialises in turnkey structural steel construction for high-rise buildings, heavy industrial plants, stadiums, steel bridges, long-span roof structures and other types of infrastructure.

Eversendai's overseas offices are in the United Arab Emirates, Qatar, Singapore, the Philippines and India. - The Star/SNNi (US$1 = RM3.80)