By Sharen Kaur
sharen@mediaprima.com.my
Published in NST on June 3, 2013
Eversendai, set up more than 30 years ago, has made Malaysia proud by playing a role in the construction of some of the world’s largest iconic buildings.
Among its notable undertakings are the Petronas Twin Towers, Burj Khalifa, Emirates Tower, Burj Al Arab Hotel, Rose Tower, Ski Dome, Dubai Festival City, Khalifa Olympic Stadium and Kingdom Trade Centre.
Eversendai executive chairman and group managing director, Tan Sri A.K. Nathan, said Sri Lanka offers solid opportunities in the development of iconic buildings.
“Sri Lanka is opening up to foreign investors. The country is developing and Eversendai, with its track record and expertise, is eyeing several projects there. “We have done our due diligence and tendered for several construction projects in Colombo,” Nathan told Business Times on Saturday after receiving his “Tan Sri” title from Yang di-
Pertuan Agong Tuanku Abdul Halim Mu’adzam Shah in conjunction with the ruler’s birthday.
Investments into Sri Lanka are expected to expand this year, with the construction sector buoyed by infrastructure projects worth billions of ringgit.
The end of a 26-year civil war in 2009 has driven investment in roads, buildings and ports and brought gains in tourism receipts.
According to estimates by Asian Development Bank, Sri Lanka’s gross domestic product (GDP) is expected to grow by 6.8 per cent in 2013 and 7.2 per cent in 2014 on better external conditions. GDP growth in 2012 was 6.4 per cent.
The Main Market-listed Eversendai is 70.52 per cent-owned by Nathan and 8.85 per cent by the Employees Provident Fund.
Since its establishment, Eversendai has completed more than 120 jobs in Malaysia, Singapore, the Middle East, the Philippines, Indonesia and Thailand.
sharen@mediaprima.com.my
Published in NST on June 3, 2013
KUALA LUMPUR: Structural steel turnkey and power plant contractor Eversendai Corp Bhd is set to make its maiden foray into Sri Lanka.
Among its notable undertakings are the Petronas Twin Towers, Burj Khalifa, Emirates Tower, Burj Al Arab Hotel, Rose Tower, Ski Dome, Dubai Festival City, Khalifa Olympic Stadium and Kingdom Trade Centre.
Eversendai executive chairman and group managing director, Tan Sri A.K. Nathan, said Sri Lanka offers solid opportunities in the development of iconic buildings.
“Sri Lanka is opening up to foreign investors. The country is developing and Eversendai, with its track record and expertise, is eyeing several projects there. “We have done our due diligence and tendered for several construction projects in Colombo,” Nathan told Business Times on Saturday after receiving his “Tan Sri” title from Yang di-
Pertuan Agong Tuanku Abdul Halim Mu’adzam Shah in conjunction with the ruler’s birthday.
Investments into Sri Lanka are expected to expand this year, with the construction sector buoyed by infrastructure projects worth billions of ringgit.
The end of a 26-year civil war in 2009 has driven investment in roads, buildings and ports and brought gains in tourism receipts.
According to estimates by Asian Development Bank, Sri Lanka’s gross domestic product (GDP) is expected to grow by 6.8 per cent in 2013 and 7.2 per cent in 2014 on better external conditions. GDP growth in 2012 was 6.4 per cent.
The Main Market-listed Eversendai is 70.52 per cent-owned by Nathan and 8.85 per cent by the Employees Provident Fund.
Since its establishment, Eversendai has completed more than 120 jobs in Malaysia, Singapore, the Middle East, the Philippines, Indonesia and Thailand.
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