Soilbuild Construction secures US$9.4m contract in Myanmar
SOILBUILD Construction Group announced on Tuesday that it has attained a design and build contract worth about US$9.4 million to carry out addition and alteration works at St John Shopping Center in Yangon, Myanmar.
The project was awarded by a joint venture between two companies in Myanmar which have activities in retail and real estate development.
Construction on the project is expected to commence in the first quarter of this year and will likely be completed within eight and a half months.
Executive director of Soilbuild Construction Ho Toon Bah said: "We are hopeful that Myanmar will continue with its economic reforms that would create significant growth opportunities to various industrial sectors whereby the group could offer our construction expertise and contribute to the country's well-being. The group will strive to strengthen its business presence in Myanmar and to execute its expansion plan there progressively."
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Far East Orchard acquires 49% stake in UK-based purpose-built student accommodation operator for £17.6 million
Nestle sales growth sputters on US slump, vitamin snags
BNP Paribas beats estimates as lower costs offset trading slump
TikTok ultimatum puts US firms in firing line for China response
Toyota and Nissan pair up with Tencent and Baidu for China AI arms race
BHP targets Anglo American in bid valuing miner at US$39 billion