By Sharen Kaur
Bina Puri Holdings Bhd is upbeat that its book order will hit RM2.5
billion by end 2014, with potential jobs from the construction and oil
and gas (O&G) sectors providing the boost.
“We have a positive outlook on the two sectors. There are a lot of projects coming up, such as building police stations, bridges, government buildings and quarters, as well as civil
works.
“In Sabah and Sarawak, we are eyeing pipe laying contracts in the O&G sector,” group managing director Tan Sri Tee Hock Seng told Business Times in an interview recently.
Tee said Labuan will be a new market for Bina Puri in terms of O&G and infrastructure development opportunities.
Bina Puri is also expected to win two midsize power plant projects in Thailand within the next three months, Tee said.
It also anticipates to win a government project in Brunei before Chinese New Year in 2014, he said.
“My personal KPIs (key performance indicators) for Bina Puri is to see the group achieve new standards in the construction sector and win more jobs here and overseas,” Tee said.
Tee founded Bina Puri in 1975. It started out with construction activities and today, it is also involved in property development, highway concessions, mining, power and O&G.
Bina Puri’s unbuilt book order now stands at almost RM2 billion.
Its current most prominent job is the Kuala Lumpur International Airport 2 terminal project worth RM997.2 million, a joint venture with UEM Construction Sdn Bhd.
Bina Puri’s portion is 40 per cent, or about RM400 million. Tee said the terminal project will be completed and handed over to Malaysia Airports Holdings Bhd by the end of this month.
In terms of property development, Bina Puri has projects with a gross development value of RM3.1 billion, spread across Malaysia.
Bina Puri chairman Tan Sri James Foong Cheng Yuen said recently the group aims to seal new joint venture deals in the property, construction, mining and power sectors here and overseas within the next four months.
It has been exploring new business opportunities in Malaysia, Thailand, Brunei and Iraq.
In the last two months, the group has inked four joint-venture agreements to undertake three projects in Malaysia and one in Thailand.
RM2.5B BOOK ORDER: Jobs from O&G, construction sectors to provide boost
“We have a positive outlook on the two sectors. There are a lot of projects coming up, such as building police stations, bridges, government buildings and quarters, as well as civil
works.
“In Sabah and Sarawak, we are eyeing pipe laying contracts in the O&G sector,” group managing director Tan Sri Tee Hock Seng told Business Times in an interview recently.
Tee said Labuan will be a new market for Bina Puri in terms of O&G and infrastructure development opportunities.
Bina Puri is also expected to win two midsize power plant projects in Thailand within the next three months, Tee said.
It also anticipates to win a government project in Brunei before Chinese New Year in 2014, he said.
“My personal KPIs (key performance indicators) for Bina Puri is to see the group achieve new standards in the construction sector and win more jobs here and overseas,” Tee said.
Tee founded Bina Puri in 1975. It started out with construction activities and today, it is also involved in property development, highway concessions, mining, power and O&G.
Bina Puri’s unbuilt book order now stands at almost RM2 billion.
Its current most prominent job is the Kuala Lumpur International Airport 2 terminal project worth RM997.2 million, a joint venture with UEM Construction Sdn Bhd.
Bina Puri’s portion is 40 per cent, or about RM400 million. Tee said the terminal project will be completed and handed over to Malaysia Airports Holdings Bhd by the end of this month.
In terms of property development, Bina Puri has projects with a gross development value of RM3.1 billion, spread across Malaysia.
Bina Puri chairman Tan Sri James Foong Cheng Yuen said recently the group aims to seal new joint venture deals in the property, construction, mining and power sectors here and overseas within the next four months.
It has been exploring new business opportunities in Malaysia, Thailand, Brunei and Iraq.
In the last two months, the group has inked four joint-venture agreements to undertake three projects in Malaysia and one in Thailand.
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