BUSINESS

KERJAYA PROSPEK WINS RM292.8 MLN CONTRACT, HITS RM1.5 BLN TARGET FOR 2024

11/09/2024 01:55 PM

KUALA LUMPUR, Sept 11 (Bernama) -- Kerjaya Prospek Group Bhd’s wholly owned subsidiary, Kerjaya Prospek (M) Sdn Bhd, has received a letter of award to undertake a building contract worth RM292.8 million from Mega Legacy (M) Sdn Bhd.

Mega Legacy is a subsidiary of UEM Sunrise Bhd.

The contract involves constructing a 57-storey building with 1,126 residential units and an eight-level podium parking structure, in Mukim Batu, here.

Construction is slated to begin on Sept 17, 2024, with a completion timeline of 38 months.

Kerjaya’s chief executive officer and executive director, Tee Eng Tiong, said the latest contract win from Mega Legacy enables Kerjaya to meet its RM1.5 billion contract wins target for 2024.

“We are pleased to receive this contract from Mega Legacy, which elevates our cumulative year-to-date contract value to RM1.5 billion and strengthens Kerjaya’s total outstanding order book to approximately RM4.7 billion.

“This award is expected to positively impact the group over the next three years,” he said in a statement today.

Tee added that the project significantly enhances Kerjaya’s ongoing collaboration with UEM Sunrise, with whom the group is currently working on two other residential developments.

-- BERNAMA

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