KUALA LUMPUR: Oil and gas services provider Propel Global Bhd wants to expand its footprint into large-scale infrastructure projects in Malaysia.
Hence, the company signed on Thursday a Memorandum of Understanding (MoU) with China Construction Second Engineering Corp (CSCEC).
Propel Global and CSCEC will explore potential collaborations in the construction of critical infrastructure, including data centres, telecommunication towers, hospitals, water treatment plants, and various other commercial, residential, industrial, and infrastructure projects. CSCEC, being a global leader in construction and development with operations in over 100 countries, brings a wealth of experience in large-scale construction projects.
Propel Global and CSCEC aims to partner on shared common expertise in engineering, construction technologies and execution of related projects. Together, both companies will combine its skills, resources, and intellectual property to meet the increasing demand for infrastructure development in Malaysia, positioning the Group as a key player in this growing market.
Propel Global executive director and group chief executive officer Angeline Lee said the MoU underlines its commitment to expanding its footprint in the infrastructure sectors.
"Our collaboration with CSCEC opens exciting opportunities for Propel Global to participate in significant infrastructure projects.
"We are well-positioned to continue driving sustainable growth and enhancing value for our stakeholders," she added.
Propel Global's focus on expanding its capabilities and strong financial position sets itfor long-term growth, Lee said.