KUALA LUMPUR: Sarawak Economic Development Corporation's (SEDC) wholly-owned subsidiary PPES Consults Sdn Bhd (PCSB) has signed a shareholders agreement with Opus International (M) Bhd (OIB), a wholly-owned subsidiary of UEM Edgenta Bhd (UEM Edgenta), through a joint venture company Opus Consultants (Sarawak) Sdn Bhd.
The joint venture agreement is aimed to propel further collaboration and sharing of resources between the two parties to ensure smooth delivery of mega infrastructure projects in Sarawak.
PCSB holds a 51 per cent stake in OCS while OIB holds 49 per cent.
This collaboration will also support the development of local expertise with OCS, providing project management and engineering design consultancy services for Sarawak's key construction and engineering projects.
SEDC general manager Abdul Hadi Datuk Abdul Kadir looks forward to collaborating with OIB and UEM Edgenta to accelerate development in Sarawak.
"With OIB's expertise in project management and engineering design, we are confident that SEDC will achieve our objective to promote economic growth and enhance the livelihood of the people of Sarawak," he said in a statement today.
OIB managing director Ir Dr Tony Chan said the company is proud to be partnering with PCSB as it continues providing quality services to its clients and stakeholders.
"We hope through this synergistic collaboration, we could further assist in the development of Sarawak to achieve its developed economy status by 2030, and we look forward to more beneficial relationships between UEM Edgenta and the Sarawak state government," he said.
Through this strategic partnership, the two parties will conduct collaborations over the next five years focusing on innovation exchanges to develop and build technical engineering capabilities across Sarawak's commercial, industrial, and socio-economic sectors.