Malaysia Eyes Indonesian Properties, Oil and Gas, and Toll Roads

• Apr 25, 2017

TEMPO.CO, Jakarta – Malaysia-based construction company Eversendai expressed its interest in investing in Indonesian properties, oil and gas, petrochemical, electricity and EPC (engineering, procurement, and construction) projects.

“They are also interested in establishing a medium-scale joint venture with Indonesian companies,” Villages, Disadvantaged Regions and Transmigration Minister Eko Putro Sandjojo said in press release after a meeting with Eversendai on Tuesday, April 25, 2017.

According to Eko, details related to the projects had been discussed with a number of state-owned developers on Tuesday, April 25, 2017. A follow-up meeting will be held in Jakarta in early May.

Eversendai earlier had handled a number of huge projects, such as Petronas Twin Tower 2, Burj Al-Khalifa, Caital Gate, and the New Doha International Airport. Currently, Eversenda is working on the tallest building in Malaysia, Merdeka PNB 118.

Another Malaysian infrastructure and construction company United Engineers Malaysia Groupo BHD (UEM), a subsidiary of Khazanah Nasional Berhad, is currently working on the Cierbon-Palimanan toll road with PT Lintas Marga Sedaya.

UEM will also attend the follow-up meeting in Jakarta in May 2017 with PT Pembangunan Perumahan and PT Wijaya Karya to discuss a number of toll road construction projects, such as the Serang-Panimbang Highway and the Bandung Intra Urban Highway.

Source: https://en.tempo.co/read/news/2017/04/25/056869367/Malaysia-Eyes-Indonesian-Properties-Oil-and-Gas-and-Toll-Roads