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Malaysia-Saudi JV eyes airport services deal

Kuala Lumpur, February 21, 2013

 

Malaysian automotive-to-insurance conglomerate DRB-Hicom Bhd said on Thursday it had teamed up with Saudi International Trading and Marketing (SITM) to bid for airport ground handling services in Saudi Arabia.
 
DRB-Hicom, owned by Malaysian tycoon Syed Mokhtar Al-Bukhary, said the collaboration would enable the business to expand its overseas operations.
 
The company has signed a memorandum of understanding with SITM through its wholly-owned subsidiary KL Airport Services, it said in a stock exchange filing on Thursday.
 
The companies will do a feasibility study and submit their bid when they have received an invitation from the General Authority of Civil Aviation of Saudi Arabia.
 
DRB-Hicom did not reveal the potential value of the handling services contract. - Reuters



Tags: Saudi | malaysia | DRB-Hicom |

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