ID :
199473
Sat, 08/06/2011 - 11:29
Auther :
Shortlink :
https://oananews.org//node/199473
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SCOMI GROUP EYES MORE TENDERS IN BRAZIL, INDIA THIS YEAR
By Nor Baizura Basri
KUALA LUMPUR, Aug 6 (Bernama) -- Scomi Group Bhd is eyeing more public
transport tenders over the next 12 months in Brazil and India, bolstered by
active construction activities in the two countries, particularly in
infrastructure.
Its Group Chief Executive Officer Shah Hakim Zain said the group plans to
focus on Brazil, especially with the country actively spending on infrastructure
over the next two to three years, to prepare for the 2014 FIFA World Cup and
the 2016 Olympics.
"The level of activity is very high. We want to focus on one country
first. In fact, we expect over the next 12 months, four more tenders to come up,
especially in public transportation," he told Bernama after iftar at the news
agency's headquarters here on Friday.
In this regard, Scomi will continue to work with Brazil's local construction
companies under a consortium, to bid for projects, with different partners for
different states.
"We are looking at supplying more monorails. In Rio, there's a tender coming
up in October and other cities that are also involved in the World Cup," Shah
Hakim said.
On Friday, Scomi Group's subsidiary, Scomi Engineering Bhd and its
consortium partners were awarded the Manaus Monorail Project worth RM2.76
billion.
Scomi's share of the contract is about RM646.38 million.
According to news reports, Brazil is expected to spend about US$14 billion
on airports and other projects directly related to the World Cup, which provides
a huge opportunity for local and foreign construction companies to tap into.
For India, the group is also expecting more new tenders, especially in
infrastructure projects, Shah Hakim said.
"Like Brazil, India is very big and there's a lot of activity going
on. We expect another two tenders this year and the government will
progressively spend more on infrastructure," he added.
India will reportedly spend US$1 trillion over the next decade to
improve infrastructure around the country, from ports and roads to railway lines
and power generation.
In terms of revenue, Shah Hakim said Scomi's international business
currently contributes about 75-80 per cent.
Going forward, he said with the increased volume of projects in oil and
gas as well as public transport, the company is optimistic of achieving a good
profit for the financial year ending 2011.
-- BERNAMA
KUALA LUMPUR, Aug 6 (Bernama) -- Scomi Group Bhd is eyeing more public
transport tenders over the next 12 months in Brazil and India, bolstered by
active construction activities in the two countries, particularly in
infrastructure.
Its Group Chief Executive Officer Shah Hakim Zain said the group plans to
focus on Brazil, especially with the country actively spending on infrastructure
over the next two to three years, to prepare for the 2014 FIFA World Cup and
the 2016 Olympics.
"The level of activity is very high. We want to focus on one country
first. In fact, we expect over the next 12 months, four more tenders to come up,
especially in public transportation," he told Bernama after iftar at the news
agency's headquarters here on Friday.
In this regard, Scomi will continue to work with Brazil's local construction
companies under a consortium, to bid for projects, with different partners for
different states.
"We are looking at supplying more monorails. In Rio, there's a tender coming
up in October and other cities that are also involved in the World Cup," Shah
Hakim said.
On Friday, Scomi Group's subsidiary, Scomi Engineering Bhd and its
consortium partners were awarded the Manaus Monorail Project worth RM2.76
billion.
Scomi's share of the contract is about RM646.38 million.
According to news reports, Brazil is expected to spend about US$14 billion
on airports and other projects directly related to the World Cup, which provides
a huge opportunity for local and foreign construction companies to tap into.
For India, the group is also expecting more new tenders, especially in
infrastructure projects, Shah Hakim said.
"Like Brazil, India is very big and there's a lot of activity going
on. We expect another two tenders this year and the government will
progressively spend more on infrastructure," he added.
India will reportedly spend US$1 trillion over the next decade to
improve infrastructure around the country, from ports and roads to railway lines
and power generation.
In terms of revenue, Shah Hakim said Scomi's international business
currently contributes about 75-80 per cent.
Going forward, he said with the increased volume of projects in oil and
gas as well as public transport, the company is optimistic of achieving a good
profit for the financial year ending 2011.
-- BERNAMA
