Tuesday, August 26, 2014

Eversendai bags RM113m Mideast deal

By Sharen Kaur
Published in NST on August 26, 2014

EVERSENDAI Corp Bhd’s strategy to adapt to changes has resulted in the company winning another Mideast contract, says executive chairman and group managing director Tan Sri AK Nathan.

The company, which provides specialist engineering and construction services, has won a RM113 million Khalifa Olympic Stadium contract.

The deal brings the total amount of new jobs secured this year to RM1.1 billion and the company’s current order book to RM1.7 billion.

“Our strategy of adapting to the ever evolving global economy is a result of staying focused on our set of core values of quality and safety, on time delivery and total client satisfaction,” said Nathan.

Nathan, who controls 71.37 per cent of Eversendai, said the winning of the contract reaffirms the confidence in the company and strongly reflects on its excellent reputation and progress in one of the most dynamic regions in the world.

Eversendai has been entrusted with the total renovation of this signature stadium, which was built in 1976 and initially upgraded in 2004 for the Asian Games.

The job comprises re-engineering and dismantling of the existing lighting arch and ancillary steel structures; and engineering, supply, fabrication and construction of steel structures.

Nathan said works on this landmark structure will allow Eversendai to showcase its engineering expertise and innovative construction methodologies, hence paving the way to win other stadium projects, especially in Qatar.

Eversendai is currently undertaking several other significant projects locally, in the Mideast and India.

“We will continue to register our brand in the global sector through adaptability and prudent management, and take great pride in flying the Malaysian flag high in this part of the world,” Nathan said.

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