KUALA LUMPUR: Kerjaya Prospek Group Bhd's wholly owned subsidiary Kerjaya Prospek (M) Sdn Bhd has received a RM265mil contract from Eastern & Oriental Bhd's Persada Mentari Sdn Bhd to undertake main building works for a proposed development project in Kawasan Terbusguna Tanah Seri Tanjung Pinang (Fasa 2A), Pulau Pinang.

       In a statement, the construction group said the project comprises two blocks of apartments houssing 1,020 units, a basement carpark, a four-storey carpark and two storeys of commercial units.

       The project is expected to be completed within 32 months from its commencement on July 1, 2022.

       "Together with the recently secured RM710.1mil contract for the development of Astrum Ampang, the group has bagged three contracts in 2022, fast approaching the RM1.2bil target for 2022.

       "Being able to achieve this feat despite only being four months into 2022 speaks volume of our competitiveness in the market and our abilities as a leading building contractor in Malaysia," said Kerjaya Prospek CEO and executive director Tee Eng Tiong.

       He said the group's outstanding order book has risen to RM4.4bil, which will provide earnings visibility for the next five years.