AZRB picks Teraju's Advance Pact under RM600m deal (7078)

KUALA LUMPUR: Ahmad Zaki Resources Bhd's (AZRB) unit has appointed Advance Pact Sdn Bhd
- a company under Unit Peneraju Agenda Bumiputera (Teraju) - to provide
hospital facilities management services under a RM600mil deal.
Under
the agreement signed on Monday, AZRB's Advance Pact would provide the
services to International Islamic University Malaysia (IIUM) Teaching
Hospital in Kuantan for 21 1/2 years, starting in 2015. In September
last year, the Ministry of Higher Education and IIUM, signed a 25-year
concession agreement with PenMedic for the development of the IIUM
Teaching Hospital through the private finance initiative (PFI). This
would be under a design, build, lease, maintain and transfer basis.
Minister in the Prime Minister's Department Tan Sri Nor Mohamed Yakcop
said the government was "delighted to see good Bumiputera companies
with specialised skills and strong track record collaborating in a high
value sector such as healthcare".
He added the government hoped
to see more large Bumiputera companies playing an anchor role in
supporting the business growth of other TERAS companies.