HSS Engineers inks JV deal to grow BIM services


PETALING JAYA: HSS Engineers Bhd’s wholly-owned subsidiary HSS International Sdn Bhd has entered into a binding heads of agreement with the Engineering and Development Corp of the Philippines for the incorporation of a joint-venture (JV) vehicle in the country.

In a filing with Bursa Malaysia, the group said the JV company will be incorporated and registered as EDCOP-HSS, which will provide advanced building information modeling (BIM) services and solutions.

It said the JV would be focused on 3D modeling, clash detection, and comprehensive project management for the infrastructure sector, while also engaging in innovative research and development in BIM technologies.

HSS Engineers said the collaboration will diversify its client base and enhance its reputation within the BIM sector in the Philippines market, which has tremendous growth potential in the field of construction and infrastructure development. “The collaboration will empower HEB Group to leverage its existing expertise and industry-leading BIM services in the Philippines by capitalising on EDCOP’s client base, industry influence and local market insights.

“Furthermore, HEB intends to harness its core competencies and unrivaled proficiency in engineering design and project management to thrive in this dynamic marketplace,” it said.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Inflation rises slightly in October
Market struggles to find direction
RHB, CGC in LCTF portfolio guarantee deal
Affin Bank 3Q earnings jump 45%
Allianz quarterly top line climbs 10%
Lagenda Properties' unit secures contract worth up to RM99.6mil
Icon Offshore secures four key agreements to drive portfolio growth and expansion
RHB, CGC ink Malaysia’s first LCTF portfolio guarantee agreement, valued at RM400mil
Solarvest secures RM142mil solar EPCC contract in Kedah
Allianz Malaysia posts 7.4% lower earnings of RM183.17mil in 3Q

Others Also Read