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Boustead unit wins RM90 million contract to build facility in Malaysia

BOUSTEAD Singapore on Monday announced that it has recently been awarded a construction management and construction contract worth RM90 million (S$35 million).

The contract was clinched by BP Engineering Solutions Sdn Bhd, a unit of its wholly-owned subsidiary, Boustead Projects, an industrial real estate solutions provider.

The contract is for the building of a medical device manufacturing facility for a US multinational corporation, to be located at the Kulim Hi-Tech Park in Kedah, Malaysia.

The 1,700-hectare integrated technology park is home to capital intensive and high value-added technology-related industrial sectors such as advanced electronics, telecommunications and semiconductors.

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The construction of the facility is expected to be completed in Q2 2015.

The contract adds to Boustead Projects' strategic expansion into Malaysia, where Boustead Projects' 35 per cent-owned joint venture development, iBP @ Nusajaya has been officially launched in Iskandar Malaysia.

It also raises the Boustead Group's order book backlog to over S$487 million, it said.