A Change of Guard

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Thursday 9 July 2009

UEM Group mulls jobs in Vietnam, Cambodia

By Mustapha Kamil and Shahriman Johari

UEM Group Bhd has been offered huge projects in Vietnam and is also mulling whether to accept a contract to build a bridge in Phnom Penh, Cambodia.

The projects in Vietnam are worth a "few billion US dollars", chairman Tan Sri Dr Ahmad Tajuddin Ali said in an interview in Kuala Lumpur recently.

They are in Da Nang and Ho Chi Minh City, and work includes building an airport and a port.

"It's so big that we may have to rope in other Malaysian contractors," Tajuddin said.

The bridge project in Cambodia is worth about US$100 million (RM356 million) and UEM is in the final stages of evaluating the job.

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