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Tuesday, January 11, 2011

DPMM Sabah And SOGCA Ink MoU With Naim To Cooperate In SOGT Project

KOTA KINABALU, Jan 11 (Bernama) -- A memorandum of understanding (MoU) was inked Tuesday between NCSB Engineering Sdn Bhd, the Malay Chamber of Commerce Malaysia (DPMM) Sabah chapter and the Sabah Oil and Gas Contractors Association (SOGCA).

The MoU is to mark the collaboration in future projects under the Sabah Oil and Gas Terminal (SOGT) in Kimanis.

A subsidiary of Sarawak-based conglomerate Naim Holdings Bhd, NCSB Engineering has partnered Samsung Engineering Co. Ltd in a joint venture (JV), whereby, the companies were awarded the RM2.4 billion contract to built the SOGT by Petronas Carigali last year.

The MoU is also the first step towards engaging local players through the participation of the two associations in projects concerned.

Abdul Hamed said with Naim's impressive track record in the property and construction sectors, they expect to do well in this new venture and aim to gain experience from the JV, with the technical expertise that Samsung Engineering possesses.

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