Naim bidding for contracts worth RM1bil

KUCHING: Naim Holdings Bhd has bid for over RM1bil worth of contracts in Pengerang refinery and petrochemical integrated development (Rapid) project in Johor.

The contracts that wholly-owned subsidiary Naim Engineering Sdn Bhd has tendered for are civil works and workers’ camp project, according to managing director DatukHasmi Hasnan.

He said Naim group had gained expertise in the oil and gas construction projects via its partnership with Samsung Engineering Co Ltd in the Sabah oil and gas terminal project which was recently completed and involvement with JCC Corp, Japan, in the Malaysian Liquified natural gas (MLNG) Train 9 project currently being implemented in Bintulu, Sarawak.

With these collaborations and particularly with JCC, one of the world’s largest LNG contractors, Hasmi said this had given the Naim group valuable insight and lessons in world-class project management system by virtue of transfer of technology.

On the Klang Valley Mass Rapid Transit (MRT) project that Niam Engineering is undertaking, he said the company had achieved good progress in the two elevated station packages it was awarded.

To date, about 35% of one of the packages had been completed, and 9% for the other package. The packages worth a combined RM412mil are due to be completed in 2016. The company was the first contractor in Sarawak and Sabah to win the MRT contracts.

“We want to use our performance in the project as a benchmark to bid for the next phase contract,” said Hasmi after the company AGM yesterday.

Naim, which is Sarawak’s largest property developer, is currently undertaking two ambitious high rise projects – Bintulu Paragon and Kuching Paragon.

Hasmi said the company had recorded good takeup rate in the latest component –The Peak – condominium project in Bintulu Paragon with some 60 units booked at its launch last week. The Peak, which comprises 261 units, are priced from RM288,000 to more than RM1mil each.

When completed, the 34-storey tower will be Sarawak’s tallest. Other components of Bintulu Paragon currently under construction are a street mall as well as small-office-versatile-office units.

SOURCE: The Star Online (14 June 2014)