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Article: Ibsul gets embassy job abroad.
- Article from:
- Business Times (Malaysia)
- Article date:
- May 25, 2009
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Byline: Sharen Kaur
A PRIVATELY-HELD company has beaten much bigger rivals to a multi-million-ringgit contract to build the Malaysian embassy building and residences in Islamabad, Pakistan, sources said.
The Public Works Department (PWD) awarded the design-and-build deal to Ibsul Holdings Sdn Bhd, a company controlled by Datuk Ahmad Shafee Sabaruddin, last month.
Five companies were pre-qualified by the PWD to make a bid in June last year, endorsed by the Ministry of Finance Inc.
Among the bidders were Malaysia's second largest builder, IJM Corp Bhd; construction firm Ahmad Zaki Resources Bhd; Bina Puri Holdings Bhd, a company linked ...