By BUSINESS TIMES
A CONSORTIUM comprising Bina Puri Holdings Bhd and Pembinaan SPK Sdn Bhd has won a RM444 million property project in Abu Dhabi in the United Arab Emirates (UAE).
Pembinaan SPK is a subsidiary of SPK-Sentosa Corp Bhd.
The contract, awarded by Al Tamouh Investments LLC, is part of a residential, commercial and recreational development of Al Reem Island.
The entire works under the Al Reem contract will be completed on September 30 2009, the companies said in a statement.
Bina Puri said the Al Reem contract is expected to contribute positively to its earnings for the financial year ending December 31 2007.
“The group has been actively participating in tendering for projects both locally and overseas,” it said.