Singapore-based Swiber Holdings has signed an agreement to form a 50-50 joint venture with offshore transportation provider Alam Maritim to tap offshore construction projects in Malaysia.
Malaysia holds an abundance of offshore construction opportunities and is one of the key markets for growth in Southeast Asia, Swiber Group CEO Raymond Goh said.
Go deeper with GlobalData
The companies will jointly bid for, and provide, offshore installation and construction activities in the territorial waters of Malaysia using a jointly owned and operated $70m pipelay barge, Swiber said.
“We are optimistic about the growth potential in Malaysia,” Goh said.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
