Econpile’s wholly-owned subsidiary in Cambodia, Global Piling Solutions Co Ltd, secured a letter of acceptance from Odom Living Co Ltd to undertake bored piling and “diaphragm” wall works for Odom Development at Norodom Boulevard, Sangkat Tonle Bassac in Phnom Penh.

The project duration will span 248 days from June 1, 2023.

Group CEO Raymond Pang said Econpile is “seeing the fruition of its efforts in cementing its presence in Cambodia”.

The contract win, he said, is the group’s second project in the country, further uplifting its reputation and future opportunities.

Pang said the group’s involvement in the high-rise project corresponds well with Econpile’s expertise and allows them to support Cambodia’s changing landscape.

“Our fleet of machinery, existing team and familiarity with the industry dynamics in Phnom Penh should work in our favour in implementing this project,” he said in a media statement.

The new contract brings the group’s recent wins year-to-date to RM266.7 million and boosts its current order book to RM410 million, which will be recognised until 2024.

Prior to this, Econpile had secured its first contract in Cambodia worth US$85.7 million (RM347.6 million) in December 2020 to undertake piling and substructure works for an integrated entertainment complex in Phnom Penh.