LETTER OF AWARD- PROPOSED DEVELOPMENT OF PETRONAS SUDAN HEADQUARTERS FOR NADA PROPERTIES COMPANY LTD., SUBISIDARY OF PETRONAS.
Reference No C&-050825-59E3D
MUHIBBAH ENGINEERING (M) BHD
MUHIBBAH ENGINEERING (M) BHD ("MUHIBBAH")
-LETTER OF AWARD- PROPOSED DEVELOPMENT OF PETRONAS SUDAN HEADQUARTERS FOR NADA PROPERTIES COMPANY LTD., SUBISIDARY OF PETRONAS.
The Board of Directors of Muhibbah is pleased to announce that Muhibbah has been awarded the contract for the proposed development of the Petronas Sudan Headquarters including staff accomodations, multipurpose hall, ancillary buildings and associated works in Khartoum, Sudan by Nada Properties Company Limited, a subsidiary of Petronas ("the Contract").
The Contract is for a value of approximately USD43 million equivalent to RM160 million. The Contract works will commence in September 2005 and is expected to be completed by April 2007.
None of the Directors of Muhibbah, substantial shareholders or person connected with the Directors or substantial shareholders of Muhibbah have any interests in the above Contract.