By Sharen Kaur
Published in NST on March 28 2011
WHILE other Malaysian construction companies have ventured abroad to grow, those based in Sarawak seem content to stay at home as there are still a lot of work.
The chiefs of several Sarawak construction companies admit they are dependent on local projects, but they do not intend to venture elsewhere for the time being.
They feel that they will be kept busy due to sizeable projects coming up under the Sarawak Corridor of Renewable Energy (Score) and the 10th Malaysia Plan (10MP).
But analysts think that these companies may lose out in the longer term if they continue to stay focused on Sarawak.
But companies like Naim Holdings Bhd said it is not that they don't want to go abroad, but it is because there is so much to do in Sarawak.
"We have offers to do projects in other states, in the Middle East and Indonesia, but we are not keen yet. This is because we are more familiar with Sarawak and there are plenty of projects here to keep us busy," its senior director of corporate affairs Ricky Khoo said.
Phase Two of Score (2011-2015) comprises projects to build dams, roads, housing and flood mitigation, worth several billion ringgit. Under the 10MP, the government has allocated RM4.6 billion for infrastructure and building projects.
Cahya Mata Sarawak Bhd (CMS), Naim and Hock Seng Lee Bhd, which have construction projects only in Sarawak, are among the players expected to benefit from new jobs.
CMS group managing director Datuk Richard Curtis told Business Times it has bid for construction projects worth over RM1 billion and expects some awards over the next few weeks.
"We are supplying a lot of construction materials and are well aware of the growing activities in this industry," he said.
But RHB Research analyst Joshua Ng feels Sarawak has been quiet as "federal money is not coming in".
Last year, tenders for 27 road packages mostly leading to upcoming new hydro electric dam projects worth some RM2 billion had closed. The contracts have not been awarded.
Hock Seng Lee, which has RM1.9 billion ongoing jobs, is keen on Tanjung Manis and Mukah, areas which will be developed under Score, its corporate affairs manager, Sonja Gan said.
"Sarawak has a lot to offer. We expect to benefit in reclamation, marine engineering and sand dredging. We are a specialist in this area where competition is minimum," she said.
-ENDS-
Published in NST on March 28 2011
WHILE other Malaysian construction companies have ventured abroad to grow, those based in Sarawak seem content to stay at home as there are still a lot of work.
The chiefs of several Sarawak construction companies admit they are dependent on local projects, but they do not intend to venture elsewhere for the time being.
They feel that they will be kept busy due to sizeable projects coming up under the Sarawak Corridor of Renewable Energy (Score) and the 10th Malaysia Plan (10MP).
But analysts think that these companies may lose out in the longer term if they continue to stay focused on Sarawak.
But companies like Naim Holdings Bhd said it is not that they don't want to go abroad, but it is because there is so much to do in Sarawak.
"We have offers to do projects in other states, in the Middle East and Indonesia, but we are not keen yet. This is because we are more familiar with Sarawak and there are plenty of projects here to keep us busy," its senior director of corporate affairs Ricky Khoo said.
Phase Two of Score (2011-2015) comprises projects to build dams, roads, housing and flood mitigation, worth several billion ringgit. Under the 10MP, the government has allocated RM4.6 billion for infrastructure and building projects.
Cahya Mata Sarawak Bhd (CMS), Naim and Hock Seng Lee Bhd, which have construction projects only in Sarawak, are among the players expected to benefit from new jobs.
CMS group managing director Datuk Richard Curtis told Business Times it has bid for construction projects worth over RM1 billion and expects some awards over the next few weeks.
"We are supplying a lot of construction materials and are well aware of the growing activities in this industry," he said.
But RHB Research analyst Joshua Ng feels Sarawak has been quiet as "federal money is not coming in".
Last year, tenders for 27 road packages mostly leading to upcoming new hydro electric dam projects worth some RM2 billion had closed. The contracts have not been awarded.
Hock Seng Lee, which has RM1.9 billion ongoing jobs, is keen on Tanjung Manis and Mukah, areas which will be developed under Score, its corporate affairs manager, Sonja Gan said.
"Sarawak has a lot to offer. We expect to benefit in reclamation, marine engineering and sand dredging. We are a specialist in this area where competition is minimum," she said.
-ENDS-
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