Meta Bright’s Expogaya secures RM60m concrete supply contract in Kota Kinabalu’s property project

META Bright Group Bhd (formerly Eastland Equity Bhd) through its 70%-owned subsidiary  Expogaya Sdn Bhd has emerged a key supplier in Sabah’s rapidly expanding construction landscape after having sealed a RM60 mil contract with Sabah-based construction firm  Megamas Jaya Sdn Bhd.

This agreement inked between the property and hospitality-centric outfit and Megamas Jaya as well as its appointed procurement representative, Pembekal Mewah Enterprise Sdn Bhd, entails the supply of ready-mixed concrete for the 88 Avenue mixed-development project in Kota Kinabalu (KK).

This high-profile development is situated in the central business district of Kepayan which is poised to become a landmark destination.

The project which comprises residential units, serviced residences and retail outlets benefits from close proximity to the KK International Airport, thus catering to both local and international demand.

Expogaya’s role in providing high-quality concrete materials aligns seamlessly with the strategic infrastructure expansion initiatives highlighted in Malaysia’s Budget 2025 which earmarked substantial resources for infrastructure growth in Sabah.

Artist impression of the 88 Avenue mixed-development project in the Kepayan district of Kota Kinabalu

Sabah is positioned as a core region for growth with RM6.7 bil allocated for rural development in the state, including essential infrastructure such as roads and utilities in addition to RM9.7 bil dedicated to the Pan Borneo Highway project.

“This significant contract with Megamas Jaya strengthens our foothold in Sabah’s concrete supply industry and is a testament to Expogaya’s operational expertise and dedication to supporting transformative development projects like 88 Avenue,” commented Meta Bright’s executive director (corporate and strategic planning) Derek Phang Kiew Lim.

“As the largest ready-mix concrete supplier in the region, we are proud to contribute to the infrastructure growth that is vital to Sabah’s continued economic expansion.”

The strategic location and scale of the 88 Avenue project further promises to enhance Kota Kinabalu’s appeal as a vibrant hub with Megamas Jaya’s vision of its well-integrated, mixed-use development that will serve residents and businesses alike.

At 3.18pm, Metra Bright was up 0.5 sen or 3.7% to 14 sen with 152,300 shares traded, this valuing the company at RM354 mil. – Nov 15, 2024