Business

DRB-Hicom to bid for airport services in Saudi Arabia

KUALA LUMPUR, Feb 21 – Malaysian automotive-to-insurance conglomerate DRB-Hicom Bhd said today it had teamed up with Saudi International Trading and Marketing Ltd (SITM) to bid for airport ground handling services in Saudi Arabia.

DRB-Hicom, owned by Malaysian tycoon Syed Mokhtar Al-Bukhary, said the collaboration would enable the business to expand its overseas operations.

The company has signed a memorandum of understanding with SITM through its wholly-owned subsidiary KL Airport Services Sdn Bhd, it said in a stock exchange filing today.

The companies will do a feasibility study and submit their bid when they have received an invitation from the General Authority of Civil Aviation of Saudi Arabia.

DRB-Hicom did not reveal the potential value of the handling services contract. – Reuters

Comments

Please note that you must sign up with disqus.com before commenting. And, please refrain from comments of a racist, sexist, personal, vulgar or derogatory nature and note that comments can be edited, rewritten for clarity or to avoid questionable issues. As comments are moderated, they may not appear immediately or even on the same day you posted them. We also reserve the right to delete off-topic comments