Published in NST on June 15 2010
NAZA Group of Companies plans to grow its construction arm and take it overseas to bid for high margin building and infrastructure projects, said Naza TTDI Sdn Bhd group managing director S. M. Faliq S. M. Nasimuddin.
Faliq said while construction is more challenging as compared with automotive and property development, he is confident that the division will grow in time to come.
"We have key people in the company and that is important. You must have vision, mission and long term strategies. I have personally set my own key performance indicators to grow the construction business.
"I am targeting at least 10 per cent profit growth year on year. Currently, the division is involved in building construction. I am looking at venturing into road and highway building, among others, internationally.
The Naza Group, which began operations in 1974 is traditionally known for its automotive operations.
It ventured into properties a few years ago and targets to become among the top three developers within the next three to five years.
Construction is a new business for the group.
The group is involved in hotel operations and is moving aggressively to expand its portfolio to include four- and five-star as well as boutique hotels.
Under the food and beverage portfolio, it has food outlets such as Bubba Gump Shrimp restaurants and Tutti Fruitti.
"We want to build the construction business and go overseas aggressively. Malaysia is a small playground. There are a lot more opportunities overseas," Faliq said.
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