Naim Land signs contract with Sinohydro for Bintulu Paragon project

KUCHING: Naim Land Sdn Bhd, a wholly-owned subsidiary of Naim Holdings Bhd, has signed a contract with Sinohydro Corporation (M) Sdn Bhd for the Bintulu Paragon Phase 1A substructure works.

Naim’s Bintulu Paragon project is the largest integrated development in Bintulu with residential, business, retail and hospitality components.

Upon completion, it will provide 1.4 million sq ft of retail space, small office versatile office (SoVo) and office suites, condominium towers, corporate office towers and two hotels.

Naim deputy managing director Christina Wong said the substructure works were for Bintulu Paragon’s street mall, SoVo and hotel development components within Phase 1A.

“Since the launch of the street mall and SoVo units, we have received encouraging response from the Bintulu community, recording an average take up of more than 50%.

“Initial piling works for these components are progressing on track,” she said.

Under the contract with Sinohydro, worth approximately RM50mil, the scope of work involves construction of the lower ground RC podium structure comprising pilecaps, upper ground slab, pipe sleeves, openings, pits and earthing works.

“All works are expected to take around seven months to complete.”

She added that Naim’s collaboration with Sinohydro demonstrated its commitment to maintaining its standing as a developer and contractor of quality.

“We have previously collaborated with Sinohydro on three projects, namely the Bengoh Dam in Padawan, the 275KV overhead transmission line from Bakun Hydroelectric Dam to Samalaju Industrial Zone in Bintulu and the construction of the Sibu-Julau road.

“We are a developer and contractor who deliver on time, on specs and with good quality, as we have always done for our past projects. This has been our commitment and will continue to be our commitment in the future,” she said.

Sinohydro Corporation (M) Sdn Bhd is part of the Sinohydro Corporation, a Chinese state-owned hydropower, engineering and construction company which is the world’s largest with a 50% share of the international hydropower market.

It has active business activities in southeast and south Asia, Africa, Latin America and eastern Europe.

SOURCE: The Star Online (26 January 2014)