Ireka Corporation Berhad
Level 18, Wisma Mont’ Kiara
No. 1, Jalan Kiara, Mont’ Kiara
50480 Kuala Lumpur, Malaysia
T: +603.6411.6388
F: +603.6411.6383
For Media Enquiries:
Wong Yim Cheng (+6012.2500.399) – Director, Group Corporate Services ([email protected])
Tiggy Munnelly (+6016.373.1936) – Manager, Corporate Communications ([email protected])
Kuala Lumpur, 8 October 2014: Ireka Engineering & Construction Sdn Bhd (IECSB), the
Infrastructure arm of Bursa Malaysia Main Market-listed Ireka Corporation Berhad (“Ireka”), has
been awarded a contract by KL Eco City Sdn Bhd for the construction of the main building
works for the Retail Podium, Office Block A and the remaining works for the basement levels.
The contract sum is RM276.79 million (“Contract”). The Contract shall commence on 15
October 2014 and it is expected to complete in 29 months from the date of commencement.
This is KL Eco City’s second contract awarded to IECSB, which is currently constructing two
blocks of serviced apartments named Vogue Suites Tower 1, due for completion in November
2016. The contract is worth RM298.24 million.
The Contract brings Ireka’s current order book to about RM1.44 billion of which approximately
RM1.08 billion remains outstanding. The KL Eco City project is expected to contribute positively
to the earnings of Ireka Group for the financial years ending 31 March 2015 onwards.
Page 2…Ireka wins RM276.79 million Building Contract in KL Eco City
Commenting on the award of the Contract, Ireka’s Group Managing Director, Datuk Lai Siew
Wah, said, “We are delighted and proud to have won this contract. This 2nd contract
shows the recognition and confidence that KL Eco City has on Ireka. We will continue to
leverage on our 47-year track record and the skilled multi-disciplinary team within Ireka,
to bring versatility and design-and-build capabilities to our client, where quality is a key
Ireka’s current major projects include Vogue Suites Tower 1 in Kuala Lumpur, Imperia Puteri
Harbour in Iskandar Malaysia, Johor (by UEM Sunrise Bhd); Solstice @ Pan’gaea in Cyberjaya
(by OSK Property Holdings Bhd); and the MRT Package V7 (construction and completion of
viaduct guideway and other associated works from Bandar Tun Hussein Onn to Taman Mesra);
The RuMa Hotel and Residences, Jalan Kia Peng, in the heart of Kuala Lumpur, as well as
Kasia Greens homes in Nilai, Negeri Sembilan.
Since 1967, Ireka has completed a number of significant infrastructure projects including the
Kuala Lumpur International Airport runway, Kuala Lumpur section of the Middle-Ring Road II,
North-South Expressway, Kulai Second Link Expressway Interchange, Putrajaya Government
Administrative Offices, DiGi Corporate Office, Technology Park Malaysia, OCBC Bank’s Kuala
Lumpur Head Office, Wisma AIG and Brunei Embassy in Beijing. Ireka’s building works track
record also includes over 2,000 luxury residential and commercial units in exclusive Mont’ Kiara,
Kuala Lumpur.
IECSB was also involved in the construction of three award-winning projects namely – The
Westin Kuala Lumpur hotel, the luxury condominium SENI Mont’ Kiara and the urban renewal
development Sandakan Harbour Square which includes design and build of the Harbour Mall
Sandakan and the Four Points by Sheraton Sandakan hotel in Sabah.
About Ireka Corporation Berhad
Ireka Corporation Berhad (‘Ireka’) was founded in 1967. Ireka was listed on the Second Board of Bursa
Malaysia on 12 July 1993, and transferred to the Main Board (now known as Main Market) on 13 June 2002. Currently, the
Group’s activities are divided into three core businesses; namely Infrastructure, Real Estate, and Technologies. Note: The
diagram below indicates key entities only.
Ireka Engineering &
Construction SB (100%)
Real Estate
- Ireka Development Management SB (100%)
- Investment: Aseana Properties Ltd (23%)
i-Tech Network Solutions SB
In its over four decades of operation in the Infrastructure business, Ireka has distinguished itself by its involvement in the
construction of some of the country's most notable projects; such as the Kuala Lumpur International Airport runway, Kuala
Lumpur Middle-Ring Road II, North-South Expressway, Putrajaya Government Administrative Offices, DiGi Corporate Office
(D’House), Technology Park Malaysia, The Westin Kuala Lumpur, OCBC Head Office and Wisma AIG.
In the Real Estate business, Ireka began acquiring landbank in Mont’ Kiara since 1990s, which enabled the Group to undertake
property development activities throughout the 1990s and 2000s. Ireka had successfully initiated the listing of a property
company, Aseana Properties Limited (‘Aseana’), on the London Stock Exchange on 5 April 2007,
and injected its two property subsidiaries into Aseana. Ireka currently holds a 23% stake in Aseana.
This move has allowed Ireka to undertake property development activities in Malaysia and Vietnam through its wholly-owned
subsidiary, Ireka Development Management Sdn Bhd (‘IDM’), which is the exclusive Development Manager for Aseana.
Property development projects managed by IDM include the luxurious condominium SENI Mont’ Kiara (Asia Pacific Property
Awards 2012 – Residential High-Rise Development category; FIABCI Malaysia Property Award 2013 – High Rise Residential
category), Tiffani by i-ZEN, 1 Mont’ Kiara offices and retail mall, courtyard homes [email protected] Aseana, serviced residences [email protected] II and [email protected] I, gated and guarded residences Luyang Perdana (Kota Kinabalu), urban redevelopment
Sandakan Harbour Square (Asia Pacific Property Awards 2009 – Commercial Redevelopment category), Four Points by
Sheraton Sandakan hotel, Aloft Kuala Lumpur Sentral hotel (ranked 11 in the Trip Advisor’s Travellers Choice 2014 – Bargain
category) as well as several developments in Vietnam. Upcoming projects include The RuMa Hotel and Residences. In Ho Chi
Minh, City International Hospital formally opened in January 2014 and is operated by Parkway Pantai, its first hospital in
Ireka is also the owner of the much celebrated i-ZEN brand of luxury properties The i-ZEN 6S philosophies
of Style, Service, Security, Sophistication, Soul and Sustainability, are demonstrated in its portfolio of properties.
Ireka previously developed The Westin Kuala Lumpur, an international 5-star award-winning hotel. The Westin Kuala Lumpur
was opened in September 2003 and has won many highly coveted awards such as FIABCI Malaysia Property Awards 2005
(Hotel Development category), Prix d’Excellence Award 2006 (Best Hotel & Resort category) and Hospitality Asia Platinum
Awards 2005 – 2006 (The Award for Excellence – Best New Hotel). The 443-roomed Westin Kuala Lumpur was sold in early
2007 for a record price of about RM1 million per room. Ireka’s upcoming projects include Kasia Greens in Nilai; and the Asta
Enterprise Park in Kajang.
Established since 2003, Ireka’s Technologies arm, i-Tech Network Solutions Sdn Bhd (‘i-Tech’), focuses on
the provision of IT consultancy, hardware support, system integration and networking services that enables business operations
to be conducted in an efficient and optimum manner. In 2011, i-Tech and IBM co-developed SAFEHOUSE, a ‘green’ data
centre to offer its clients reliable, secure and scalable co-location services. I-TECH’s SAFEHOUSE won the Schneider Electric
IT Malaysia For Adoption on Energy Efficient Solution Award 2013 and the ISO/ IEC 27001:2005 (Information TechnologySecurity Techniques-Information Security Management Systems) by TUV SUD Management Service GmbH from Germany.