PETALING JAYA: Construction company Haily Group Bhd bagged a RM40.67mil contract to develop three-storey shop offices in Tebrau, Johor.

       In a statement yesterday, the Johor-based group said its wholly-owned subsidiary, Haily Construction Sdn Bhd, was awarded the contract by Austin Senibong Development Sdn Bhd.

       The job involves the construction of 99 units of shop offices, one unit of Tenaga Nasional Bhd (TNB) sub-station and four units of TNB compact sub-station in Tebrau.

       With the latest win, Haily’s total project value increased to RM557.89mil.

       This involves 22 building construction projects and two ongoing civil engineering-related construction projects.

       According to Haily executive director See Tin Hai, the overall duration of the latest contract is 20 months.

       Works are expected to commence within three months from the date of the letter of award.

       “The construction sector in Malaysia was affected by the Covid-19 pandemic.

       However, we are optimistic on the recovery of the industry with more projects resuming after the movement control order in Malaysia was lifted.

       “Our order book shall keep us busy for the near term and contribute to the group’s earnings and net assets for the financial years ending Dec 31, 2022 and Dec 31, 2023,” he said.

       In the current quarter ending Dec 31, 2021, Haily said it has won tenders for construction projects amounting to about RM100mil.