Naim bags US$36m Fiji road contract

Naim Holdings Bhd (5073) , formerly known as Naim Cendera Holdings Bhd, has won a US$36 milllion (RM127 million) contract to upgrade a road located on the east cost of Fiji’s main island.
he local construction company won the tender from Fiji’s Public Works Department. It will upgrade 11 kilometres of the Kings Road from Waito to Wailotua.

Confirming this, a Naim Holdings spokesman said the Fiji government had issued a letter of award to the company recently to carry out the job.

“However, the offer has yet to be accepted by Naim’s management. In view of the prevailing economic conditions, there are issues to be taken into consideration by the management before a decision can be reached,” the spokesman told Business Times.

An online news report recently said the contract was given to Naim Holdings and Fiji’s company, Fairdeal Earth Moving.
Fairdeal Earth Moving won the US$23 million (RM81 million) contract to complete the 29km stretch from the Kings Road to Lodoni Road in Tailevu.

This road upgrading works are due to be completed by December 2011 and will provide some 1,000 jobs for locals, particularly from nearby villagers.

Based in Kuching, Sarawak, Naim Holdings is the holding company for its 100 per cent owned subsidiary, Naim Cendera Sdn Bhd (NCSB), which is mainly involved in property development and construction.

Naim Holdings has carried out more than RM1 billion of federal and state government contracts, and has a construction order book worth over RM3.2 billion.