Naim ... Sep10

Samsung-Naim JV, a joint venture between its subsidiary NCSB Engineering Sdn Bhd and Samsung Engineering Co Ltd, has received a contract worth US$766.39 million from Petronas Carigali Sdn Bhd to provide services for the Sabah Oil and Gas Terminal project.

The scope of work involved the engineering procurement, construction and commissioning of the project.

The project would enhance its order book and was also in line with its strategy to participate in projects in the development of oil and gas industry in the country.

The joint venture is actively working on securing the participation of local Sabah Bumiputera contractors for this contract in line with the requirements of Petronas Carigali.