Kerjaya Prospek wins RM265mil development job in Penang

PETALING JAYA: Development outfit Kerjaya Prospek Group Bhd has secured a RM265mil contract from Japanese & Oriental Bhd to undertake the principle constructing works for a proposed improvement undertaking in Penang.

In an announcement yesterday, Kerjaya Prospek mentioned its wholly-owned subsidiary, Kerjaya Prospek (M) Sdn Bhd, has secured the undertaking from E&O’s oblique subsidiary Persada Mentari Sdn Bhd.

“The undertaking contains two condo blocks housing a complete of 1,020 items, a basement carpark, a four-storey automobile park and two- storeys of economic items.

“The undertaking is anticipated to be accomplished inside 32 months from its graduation date of July 1, 2022,” Kerjaya Prospek mentioned.

The corporate mentioned the contract was secured after the group was awarded its second contract for the yr price RM197.5mil by its wholly-owned subsidiary Yakin Land Sdn Bhd in March 2022.

Below the contract, Kerjaya Prospek mentioned it will be endeavor the principle constructing works for 2 condo blocks housing 454 residential items, on prime of 4 ranges of automobile park and residential amenities, in addition to a two-storey basement parking.

“This improvement is scheduled to be accomplished inside 36 months from Could 1, 2022,” it mentioned.

Together with the just lately secured RM710.1mil contract for the event of Astrum Ampang, Kerjaya Prospek chief govt officer and govt director Tee Eng Tiong mentioned the group has bagged three contracts in 2022 and approaching the corporate’s RM1.2bil goal for this yr .

“With the ability to obtain this feat regardless of solely being 4 months into 2022 speaks quantity of our competitiveness out there and our talents as a number one constructing contractor in Malaysia,” he mentioned within the assertion.

Along with the brand new contracts, Tee mentioned Kerjaya Prospek’s excellent order e book is bolstered to RM4.4bil, which is able to present the group with incomes visibility for the subsequent 5 years.

“We are going to proceed to tender for brand new initiatives by leveraging on our aggressive strengths to boost our shareholders’ returns and take the group to the subsequent development section,” he mentioned.


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