business

Serba Dinamik bags contracts worth more than RM680m

KUALA LUMPUR: Serba Dinamik Holdings Bhd has bagged two engineering, construction and commissioning (EPCC) and three operations and maintenance (O&M) contracts worth more than RM680 million.

The firm secured two contracts in Middle East and three in Malaysia.

Group managing director and chief executive officer Datuk Mohd Abdul Karim Abdullah said Serba Dinamik would strengthen its foothold in Central Asia and Middle East with the new securement of EPCC contract in Turkmenistan and O&M contract in Oman.

“This will contribute positively to our financial year ending December 2019 and the upcoming two years,” he said in a statement.

Karim said other three contracts were for two O&M and one EPCC works in Malaysia and had no specific value as they are on a “call-out” basis whereby the work orders will be awarded at the discretion of the clients based on its activities schedules and rates throughout the duration.

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