Malaysia’s WCT wins $320m construction job in Oman

Malaysian builder WCT Bhd said on Thursday it had won a 1 billion ringgit ($320 million) contract to build a 44.75km expressway in Oman.

WCT, in an 80:20 joint venture with Oman Roads Engineering Co LLC, expects to finish the work in three years, according to a local stock exchange filing.

“The contract to be entered is expected to contribute positively to the group’s earnings and net assets for the financial years ending December 31 from 2012 to 2015,” WCT said.

http://www.reuters.com/article/2012/08/16/malaysia-wct-job-idUSL4E8JG2LP20120816

 

Category: Malaysia