SHAH ALAM: Muhibbah Engineering (M) Bhd does not think its operation in Qatar would likely be impacted by the tension between the country and its neighbours.
Managing director Mac Ngan Boon said the company’s road project in Qatar is ongoing as planned with 20% of work complete.
In January, Muhibbah’s 49%-owned associate Muhibbah Engineering Middle East LLC secured a RM438.2mil contract for the construction of roads and infrastructure works at Um Alhoul Economic Zone (Qatar Economic Zone 3) in Doha, Qatar.
The project is expected to be completed by the second quarter of 2018.
“There are a lot of things happening in Qatar; opportunities are abundant especially with the upcoming 2022 World Cup in the country,” Mac told reporters after the company’s shareholders meeting on Thursday.
In fact, he said, Muhibbah is tendering for two infrastructure jobs in Qatar accounts for about 30% of the company’s tenderbook of RM4bil.
“We hope to at least win one of the projects that we are tendering in Qatar now,” he added.
Tension in Qatar started early of this month following accusations that the country was supporting terrorism. Saudi Arabia, Egypt, the United Arab Emirates and Bahrain have decided to cut their ties with Qatar.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
