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KUALA LUMPUR: Siab Holdings Bhd’s wholly-owned subsidiary Siab (M) Sdn Bhd has secured a contract worth RM89.57mil from SDM Assets I Sdn Bhd.

In a filing with Bursa Malaysia, Siab said the contract entailed building a two-storey warehouse with office space on the mezzanine level, an electrical substation, guard house, common facilities, tank house and pump as well as mechanical and electrical area in Klang, Selangor.

The project is expected to be completed within 12 months from the commencement date.

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In a separate statement, group managing director Ng Wai Hoe said this was Siab’s first contract secured in the second half of 2022.

“Siab will continue to actively partake in project tendering to ensure that we seize the opportunities arising from the recovery from the pandemic,” he said. — Bernama