Soilbuild Construction secures US$9.4m contract in Myanmar

SOILBUILD Construction Group announced on Tuesday that it has attained a design and build contract worth about US$9.4 million to carry out addition and alteration works at St John Shopping Center in Yangon, Myanmar.

The project was awarded by a joint venture between two companies in Myanmar which have activities in retail and real estate development.

Construction on the project is expected to commence in the first quarter of this year and will likely be completed within eight and a half months.

Executive director of Soilbuild Construction Ho Toon Bah said: “We are hopeful that Myanmar will continue with its economic reforms that would create significant growth opportunities to various industrial sectors whereby the group could offer our construction expertise and contribute to the country’s well-being. The group will strive to strengthen its business presence in Myanmar and to execute its expansion plan there progressively.”

Source: The Business Times

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