SCIB secures RM162 mln contract for Perak civil servants affordable housing programme

KUCHING (July 26): Industrialised building systems specialist Sarawak Consolidated Industries Berhad (SCIB) has secured an RM162 million contract for Program Perumahan Penjawat Awam (PPAM) in Mualim, Perak.

The contract under wholly-owned subsidiary SCIB Properties Sdn Bhd (SCIBP) from Awana JV Suria Saga Sdn Bhd (AJVS) is for the development, infrastructure, and main building works of the affordable housing programme for civil servants.

SCIB said in a press release that the project involves the construction of both affordable housing and commercial units across two phases, emphasising SCIB’s commitment to enhancing housing infrastructure in Malaysia.

Phase 1A will consist of 346 units of single-storey affordable terraced houses (Type B) and 28 units of two-storey shop offices, while Phase 1B will include 455 units of double-storey affordable terraced houses (Type A).

With a contract period of 23 months, the development spans approximately 48.56ha across several lots in Mukim Hulu Bernam Timur.

“We are honoured to be entrusted with this significant project which aligns with our strategic focus on sustainable community development,” said SCIB managing director Ku Chong Hong.

He said this contract not only strengthens the company’s portfolio in the construction sector but also underscores its dedication to contributing to Malaysia’s affordable housing landscape.

“We are confident in our ability to deliver quality living spaces that meet the desired standards of construction and environmental sustainability.

“Our recent projects and strategic partnerships continue to drive our confidence in maintaining profitability and achieving long-term growth,” he added.

The new project adds to SCIB’s impressive portfolio and exemplifies the company’s ability to undertake and complete large-scale infrastructure projects.

SCIB remains committed to delivering projects that add value to its stakeholders and support the nation’s development goals.

Most recently, SCIB announced the securement of Islamic banking facilities amounting to RM70 million from Small Medium Enterprise Development Bank Malaysia Berhad (SME Bank).

This move enhances SCIB’s financial agility and supports its commitment to operational excellence and growth.

As at 5pm yesterday, SCIB’s share price closed at RM0.290, reflecting a market capitalisation of RM191 million.