Eversendai Corp Bhd, en route to a listing on Bursa tomorrow seems to have a favoured nexus to Qatar, winning more contracts from the Qatar Foundation. This time it is for the Nakilat shipyard project in Qatar worth a RM165 million.
Eversendai will be involved in the construction of the main super yacht finishing hall and energy centre building.
This is the second contract it has won from Qatar Foundation for the shipyard project. Last year, it was awarded Phase 4, worth slightly over RM100 million, which it had completed.
Eversendai indicated that it is eyeing more jobs in Qatar as the country prepares to host the FIFA World Cup in 2022. This is the mother lode for sure.
Qatar plans to spend some US$30 billion (RM91 billion) on infrastructure development for the event.
For the shipyard contract, Eversendai expects to finish the job by June next year.
"This is a huge shipyard project. For phase 4A itself, we will use about 7,000 tonnes of steel structures and 60,000m2 of covering linings," said Nathan, the founder and MD.
Year-to-date, Eversendai has won contracts worth RM520 million, increasing its order book to RM1.6 billion.
It is also bidding for RM1.5 billion worth of infrastructure, high-rise building and power plant projects in Southeast Asia, India and the Middle East.
Will Eversendai received a warm welcome on the Bursa tomorrow like MSM or be given 'a cold day in Hell' just like UOA Development?
Let us see the finicky public reaction tomorrow.
