KUALA LUMPUR: Kerjaya Prospek Group Bhd has secured a RM211.6 million contract from PPB Group Bhd for construction works for a mixed development project in Taman Megah, Petaling Jaya.

The group’s wholly-owned unit Kerjaya Prospek (M) Sdn Bhd (KPMSB) received the letter of award from PPB’s subsidiary PPB Hartabina Sdn Bhd (PHSB) last Friday, for the job which entails the construction of the main building and external works.

The proposed development comprises a 31-storey serviced apartment, nine-storey car park with podium and common facilities, as well as a four-storey office with two levels of basement car park and commercial units.

The project is scheduled to start on Saturday and be completed on June 8, 2021, Kerjaya Prospek said in a stock exchange filing yesterday.

In a separate statement, the company said its current outstanding order book stands at approximately RM3.08 billion with this new job win.

“Year to date, Kerjaya has contracts amounting to RM989.8 million in its portfolio,” it added.

The awarded contract is the group’s first from PPB. “We are delighted to have secured this contract, despite the tepid outlook for construction and property sectors,” Kerjaya Prospek’s executive chairman Datuk Tee Eng Ho said.

“This is an expansion of the group’s current customer base and the job increases our order book, providing an additional stream of revenue over the next three years,” he added.