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Serba Dinamik successfully secured RM1.47billion of Abu Dhabi Contract

TIG Edwin
Publish date: Mon, 10 Aug 2020, 11:33 AM
Daily Update from our analyst

By Stella Goh

 

Serba Dinamik Holdings Berhad is incorporated as a private limited company in Malaysia, under the name of Serba Dinamik Holdings Sdn Bhd on 2 December 2015. The company is founded in 1993 which was primarily involved as a Global Integrated Engineering Services total solution provider to broad industries such as Oil and Gas, Power, Water, Petrochemical and Steel.

SERBADK is listed in Main Market of Bursa Malaysia on 8th February 2017. The company’s main business is  operations and maintenance (O&M), engineering, procurement, construction and commissioning (EPCC), IT Solutions and Education & Training. SERBADK has operational offices in Malaysia, Indonesia, UAE, Bahrain, Qatar, Singapore, India and UK. Their global influence can be achieved through the span of their partners in Singapore, Australia, New Zealand, the United States, Mexico, Switzerland, Italy and the Netherlands.

According to the CEO of Managing Director of SERBADK, Datuk Mohd Karim Abdulah, the company can continue to win the bid despite the economic uncertainty caused by the Covid -19 influenza pandemic. SERBADK has been awarded a US$350 million contract of approximately RM1.47 billion to build a data center and related facilities in Abu Dhabi. Its subsidiary, Serba Dinamik International Ltd, has received and accepted a letter of award from future digital data system ltd.

The contract covers EPCC of Abu Dhabi’s data centre and its associated facilities, infrastructure and landscaping. The project is expected to start on 1 September will be completed in phases in Abu Dhabi, is the master plan for 20MW full information technology (IT) data centre. Data centres can host mission critical systems and provide co-location services, business continuity and hosting facilities to local and international organizations. The project said to be a part of future digital data system initiative aimed at growing of cloud market, Internet of Things (IoT) to develop a series of data centers in Middle East and North Africa (MENA) regions to support its activities in Abu Dhabi and other regions of Gulf Corporation Council (GCC), machine learning, Internet of Things (IoT) and big data analysis services.

SERBADK believes they are able to reach another peak in FY2020, because the contract will not only increase their revenue, but also make a significant contribution to the IT department. The project also strengthened their brands in Middle East and North Africa. Although the project further demonstrates the company’s diversification in the oil and gas industry, the companies and people adopt a new work practices and processes that require technology around the industrial revolution 4.0, it also demonstrates the great potential of ICT in the corporate and consumer markets.

 

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