News by M

Project would involve the purchase of between 60.7ha to 80.9ha of land in Durian Tunggal from landowners.

He said there would be a new alignment to avoid more residential areas from being acquired for the purpose.

“At best, Felda overpaid the property by £18 million or RM108 million. At worst, Felda overpaid £30 million or RM180 million,” said Rafizi.

IOI Properties has a total remaining GDV of ongoing domestic projects of RM4.3 billion, spread across 13 townships.

The project involves the building, infrastructure and landscaping works of the proposed development in Taiping, Perak.

According to Sierac, the move will enable it to diversify its business into property development, which in turn will reduce its reliance on the business of trading of steel-related products.

CNQC’s network is extensive, covering real estate development and construction across Singapore, Indonesia, Hong Kong, Macau, Indonesia and Vietnam.

Earlier this year, WCT had raised about RM178 million.

AZRB said its year-to-date contract wins have increased to RM502.5 million, pushing the current unbilled orderbook to RM4 billion.

SunCon was awarded a RM74.8 million subcontract from Ahmad Zaki Sdn Bhd for works at the Bukit Bintang City Centre.