LFE Corp secures contracts worth RM71m for Oasis Ara, Cyberjaya development
The scope includes the design and build of underpinning and structural strengthening works, and the demolition and reconstruction of a ramp and associated works.
The scope includes the design and build of underpinning and structural strengthening works, and the demolition and reconstruction of a ramp and associated works.
The group's domestic operations have gained significant momentum, with orders now contributing 41% of the overall RM35 billion construction order book, up from 28% last year.
The project, located at Lot 104295, Jalan Tiara in Taman Mutiara Bukit Jalil, was awarded by Sunway Flora Sdn Bhd.
In a filing with Bursa Malaysia on Thursday, the civil engineering group said its wholly owned subsidiary, Advancecon Infra Sdn Bhd, is seeking RM15.
The research firm, which noted that the sector had just reported a set of steady results for the first quarter, is expecting the pace of job awards to gather momentum ahead of the 13th Malaysia Plan that is set to be tabled in July.
REHDA Institute and GreenRE will be investing RM100,000 to sponsor key students and academics from over 10 Malaysian universities to nurture a new generation of leaders in sustainability and green development.
However, analysts are divided on the margins from new clients, at least in the initial stage, compared with the 9%-10% enjoyed by the company through relationship with key clients such as EXSIM Development Sdn Bhd, Maxim Global Bhd (KL:MAXIM) and Platinum Victory Sdn Bhd.
The latest contract also marks another step in expanding Binastra’s presence in the Klang Valley.
The Master Builders Association Malaysia said the construction sector is already burdened by multiple layers of taxation on materials, labour, and equipment, with most contracts awarded on a fixed-price and fixed-duration basis.
With this latest award, Kitacon has secured contracts worth RM347.