Ho Hup bags RM267m construction contract in Iraq
KUALA LUMPUR, Aug 9 – Ho Hup Construction Company Bhd has been awarded a contract for the design and execution of civil and electro-mechanical works for the Al-Zuhour Water Project in Baghdad, Iraq, worth RM267 million.
The 10,000 cubic metres per hour capacity turnkey project, awarded by the Ministry of Municipalities and Public Works, also included the supply and installation of equipment and pipe as well as operation and maintenance, Ho Hup said in a filing to Bursa Malaysia.
“Construction of the project is planned to commence in September 2012 and is expected to be completed in 30 months, up to February 2015, with a further 12 months of maintenance period of the mechanical, electrical and transmission piping,” it said.
In carrying out the contract, Ho Hup will undertake the role as the main contractor and will appoint and work with locally established Iraqi sub-contractors for the project execution and project financing.
“The company is of the opinion that the project and country risks associated with this project will be adequately mitigated by the appointment of established and reliable local Iraqi sub-contractors,” it added. – Bernama