KUALA LUMPUR: MTD CAPITAL BHD [] is eyeing engineering and infrastructure projects in Saudi Arabia via a joint venture (JV) company it intends to form in the Kingdom with ANC Holdings Pte Ltd.
MTD said on Tuesday, Dec 21 it had entered into a JV and shareholders' agreement with ANC for the purpose of incorporation a JV company in Saudi Arabia.
MTD will hold 51% of the JV while ANC will have the remaining 49%.
"The parties intend to utilise the JV Company to undertake engineering and CONSTRUCTION [] of building and infrastructure projects in Saudi Arabia," it said.
MTD said on Tuesday, Dec 21 it had entered into a JV and shareholders' agreement with ANC for the purpose of incorporation a JV company in Saudi Arabia.
MTD will hold 51% of the JV while ANC will have the remaining 49%.
"The parties intend to utilise the JV Company to undertake engineering and CONSTRUCTION [] of building and infrastructure projects in Saudi Arabia," it said.
No comments:
Post a Comment