Construction firm Aneka Jaringan Holdings Bhd (KL) continues to expand its portfolio with the recent awarding of a RM39 million contract to carry out comprehensive groundwork and structural tasks in Jalan Pantai Sentral, Kuala Lumpur. As revealed in its Bursa Malaysia filing, the contract, which covers three distinct phases, was awarded to its wholly-owned subsidiary, Aneka Jaringan Sdn Bhd, by GDP Architects Sdn Bhd on behalf of Murni Lapisan Sdn Bhd.
Overview of the Contract Scope
The project, scheduled to start on November 7, 2024, and complete by March 6, 2026, encompasses critical construction work, including earthwork, piling, pile caps, and contiguous bored piling. This extensive contract aligns with Aneka Jaringan’s expertise in foundational construction, reinforcing its position as a reliable contractor in Malaysia’s competitive construction sector.
Phased Construction Details
The three-phase contract will be executed as follows:
- Phase One: Focuses on constructing two office blocks, each equipped with mechanical and electrical (M&E) levels, ensuring robust infrastructure for modern business needs.
- Phase Two: Involves the development of a 43-storey serviced apartment block, housing 438 units and featuring M&E systems alongside amenities located on floors 28 and 45. This phase will be built atop the podium established in Phase One.
- Phase Three: Includes a 33-storey serviced apartment block with 290 units, complete with M&E facilities and amenity levels, similarly positioned above the Phase One podium.
Financial and Strategic Impact
Aneka Jaringan anticipates that the contract will contribute positively to its consolidated earnings and net assets over the financial years ending August 31, 2025 (FY2025), and FY2026. This project marks another strategic win for the company, supporting its growth trajectory in the construction industry.
Addressing Project Risks
In its statement, Aneka Jaringan expressed confidence in managing the project without encountering significant risks outside of standard operational challenges. The company has pledged to implement necessary risk mitigation strategies to ensure smooth project execution.
Strengthening Market Presence
This contract further cements Aneka Jaringan’s reputation for handling complex construction projects. By partnering with GDP Architects and Murni Lapisan Sdn Bhd for this significant Kuala Lumpur development, the company continues to bolster its profile and influence in the region’s construction landscape.
