Mudajaya clinches multi-million deal to build tower

October 4, 2017

Mudajaya-clinches-multi-millionMalaysian company Mudajaya Group Bhd has successfully snapped up a contract to build the 16-storey Hevea Tower in Sungai Buloh. The tower is expected to be the headquarter of the Malaysian Rubber Board. The amount of the contract is RM118.6 million.

In a filing with Bursa Malaysia, the construction, property development and utility group said its unit Mudajaya Corp Bhd had accepted a letter of award to build the office complex with a three-storey podium and letter of addendum from the KLIA Consult Services and KLIA Associates (KLIAA-KLIACS) consortium.

MRB had signed an agreement in December 2013 to develop its headquarters as well as a research and development centre, a college, a rubber discovery museum centre and a business cluster on its 216.5ha land with project delivery partner KLIA Premier Holding’s units, KLIA and KLIACS. The project, then scheduled to be completed by Aug 30, 2018, was reported to cost RM1.1bil.

According to Mudajaya’s announcement on Tuesday, Hevea Tower is targeted to be completed by September 2019.

“The project is expected to contribute positively to the group’s earnings for the financial year ending Dec 31, 2017, onwards,” it said.

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