Tuju Setia tendering for RM2.8 billion worth of projects

KUALA LUMPUR (June 23): Construction services company Tuju Setia Bhd is tendering for RM2.8 billion worth of projects to build high-rise and industrial buildings, as well as hospitals and healthcare facilities.

In a statement on Thursday (June 23), Tuju Setia managing director Wee Eng Kong said despite the higher prices of building materials such as steel and concrete, there are still active tenders for essential buildings such as residential, hospitals and healthcare facilities.

“Our expertise is in constructing high-rises, especially in the range of affordable to premium residential and commercial buildings that are located strategically in areas to fulfil strong demand.

“Our last two recent wins from Sunway reflect this demand,” he said.

Wee said Tuju Setia’s RM1.5 billion current order book includes recent wins of the RM257 million Jernih Residence (Kajang) secured on June 20, 2022 and the RM311.7 million Sunway d’hill Residence (Petaling Jaya) won on Dec 30, 2021.

He said other ongoing projects are the Mutiara Central Office Suites (Cheras), Riana Dutamas — Phase 2 (Segambut), Lakefront Condominiums at Emerald Hills (Cheras), TUAI Residence (Setia Alam), The Pulse Residence (Puchong), 121 Residence (Petaling Jaya), One Equine (Seri Kembangan), and the Kajang Women and Children Hospital.

In the company’s annual general meeting on Thursday, shareholders approved a final dividend of half a sen per share in respect of the financial year ended Dec 31, 2021.