KUALA LUMPUR: Eversendai Corp Bhd has won over RM1.6 billion in new contracts as of June 30 this year, according to its group managing director Tan Sri AK Nathan.
The group's construction order book stood at RM2.13 billion and was expected to grow further in the coming months, he said.
The majority of the projects awarded this year are in the UAE, Saudi Arabia, Qatar, Sri Lanka, India, Singapore and Malaysia.
"The notable projects come from both repeat and new clients," Nathan said today in a statement.
Among the newly-secured contracts are a large prestigious Museum project in Abu Dhabi, the King Salman Park-Loop Bridges project in Saudi Arabia, the Cultural Center Education City in Qatar, the Bandaranaike International Airport Development Project in Sri Lanka (funded by the Japanese Government), the Keppel Tower and the Labrador projects in Singapore, and the SK Nexilis project in Sabah.
Nathan said the SK Nexilis project, a copper foil manufacturing plant, was accepted on fast-track basis and that the main structural steel works would be completed by the end of December 2022.
"As the group moves into the next phase of recovery and rebuilding, we will concentrate on reshaping the Eversendai Group with a renewed focus on our core fundamental values in geographical regions where we have been traditionally strong to seize the various emerging opportunities," he said.
Going into the second half of 2022, Nathan said the group was confident of securing projects due to its strong team, well-positioned resources, long-term experience and expertise in this industry, and support from stakeholders.
Nathan described 2020 and 2021 as "unimaginable" in any way, as the Covid-19 pandemic swept across the globe like a colossal tsunami, wreaking havoc on businesses, families and individuals alike.
He said Eversendai Group had to perform the greatest balancing act in its history in dealing with the Covid-19 pandemic while focusing on its long-term sustainability during this extremely challenging unforeseeable period.
Although it was unable to execute and deliver projects in its normal course of project execution and fully unlock its outstanding order book due to lockdowns and restrictions around the world, Nathan said the group had weathered the unprecedented pandemic with resilience and determination to recover gradually.
Nathan said the group had achieved significant milestones, such as the strategy of expanding into the European offshore wind renewable energy sector, as it delivered three major offshore wind projects for Holland and Scotland, the United Kingdom in 2021, and 2022, from its waterfront fabrication facility in Ras Al Khaimah, UAE.
According to him, the most notable was the 1.1-gigatonne offshore wind substation topside platform and jacket structure for the Seagreen offshore wind farm project, which positioned the group strategically in the offshore wind renewable energy sector not only in Europe, but globally, and boded well for the future.
Other notable achievements during the pandemic were the completion of major structural steel works for the world's second-largest building.