WCT Bhd says the recent decision by the authorities in Oman not to proceed with the tender for the construction of the Batinah Expressway Package 2 in the sultanate will not affect its other projects or business divisions.
In a note today, deputy managing director Goh Chin Liong said the company would continue to pursue jobs and business opportunities in the region including Oman and Qatar.
"Currently, WCT's existing projects in Malaysia and the Middle East come up to an order book of approximately RM2 billion," he said, adding that this will keep them busy for the next two to three years.
Goh said: "We are not overly concerned with the cancellation of the tender for the said project as the physical works were never started.
"At the moment, we are focused on our businesses at hand and servicing jobs that we have already procured."
The company announced to Bursa Malaysia yesterday the decision by the Director of Tenders and Contract Department of the Ministry of Transport and Communications of Oman not to proceed with the current tender for the construction of the Batinah Expressway Package 2.
WCT, an 80:20 joint venture with Oman Road Engineering Company LLC, had on April 15, 2012 received official notification of the acceptence of the joint venture's tender from the Tender Department ofthe Ministry of Transport and Communications of Oman.-- Bernama
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
dknycom
Buy now without worries now.
2013-04-10 14:31