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Article: Ibsul gets embassy job abroad

Article from:
New Straits Times
Article date:
May 25, 2009
Author:
Copyright

Sharen Kaur
New Straits Times
05-25-2009
Ibsul gets embassy job abroad
Byline: Sharen Kaur
Edition: Main/Lifestyle
Section: Business Times
Type: News

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 ...

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