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Monday, February 28, 2011

Bina Puri unit secures RM1.1bil projects in Brunei

MIRI: Bina Puri Holdings Bhd's subsidiary, Bina Puri (B) Sdn Bhd has secured a total of RM1.1bil worth of projects in Brunei.

Bina Puri (B) Sdn Bhd chairman Datuk Ali Abdullah in a Q&A session in Kuala Belait, Brunei on Friday said the company had an unbilled portion totalling RM265mil until 2013.

He said it planned to secure another RM600mil worth of projects in the Sultanate this year.

He said currently, the company was awaiting the results for two tenders worth about RM192mil which would be known within the next three to six months.

He said, Bina Puri was working on another five tenders worth RM416mil earmarked for this year. Bina Puri, which is involved in construction and infrastructural development, started operations in Brunei in 2007.

“We are looking at the possibility of hopefully securing about RM600mil,'' he said adding that Brunei offered great investment potential especially in civil and construction works as well as hospitality management.

Ali said that among the ongoing projects secured were the construction of 2,000 units of houses for Brunei Economic Development Board (BEDB), which is due for completion in April; infrastructural and housing works in Kampung Lugu and the redevelopment of Ong Sum Ping serviced apartments in Bandar Seri Begawan.

He said Bina Puri group started collaborating with the BEDB in the RM692mil project in 2009, adding that the venture in Brunei accounted for 16% of its current projects totalling RM5.7bil.

By The Star (by Diana Rose)

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