Gabra Malaysia

SCIB Unveils Visionary RM250 Million Bintulu Housing Project MOU

SCIB Unveils Visionary RM250 Million Bintulu Housing Project

Industrialised building systems specialist, Sarawak Consolidated Industries Berhad (SCIB), is pleased to announce SCIB Properties Sdn. Bhd. (SCIBP), a wholly-owned subsidiary of SCIB, has entered into a Memorandum of Understanding (“MOU”) with Kemena City Development Sdn. Bhd. (KCD) and Smart Borneo Properties Sdn. Bhd. (SBP).

This MOU marks the preliminary stage for a potential joint venture focusing on a substantial residential development project in the Kemena Land District, Bintulu, Sarawak, with a projected value of RM250 million.

This MOU paves the way for a detailed exploration and assessment of the joint venture’s feasibility. The proposed project envisages the development of approximately 50 acres of land into around 600 residential units, signifying a major undertaking in Bintulu’s property development sector.

SCIB, through its subsidiary SCIBP, brings its extensive expertise in engineering, procurement, construction, and commissioning to the table. Coupled with the real estate development experience of KCD and SBP, this MOU sets the foundation for a strategic collaboration that could significantly impact Sarawak’s residential housing market.

SCIB views this MOU as a testament to the Company’s ongoing commitment to growth and innovation in the real estate sector. While this agreement is exploratory in nature, it underscores SCIB’s proactive stance in seeking out collaborative ventures that align with its long-term strategic objectives.

As at 12 December 2023, 5 P.M., SCIB’s share price stands at RM0.765, signifying a market capitalisation of RM489.8 million.


Sarawak Consolidated Industries Berhad (“SCIB”) was founded in 1975 and has evolved from a small enterprise into a reputable Group of companies listed on the Main Market of Bursa Malaysia Securities Berhad.

Currently, SCIB is operating three factories in Kuching, Sarawak, one factory in the Pending Industrial Estate and two factories in the Demak Laut industrial park.

SCIB is well known for professional management and has long history of innovative ideas and technological advances. Coupled with its wealth of experience and research acquired in more than three decades, SCIB offers its clients in-depth expertise through a combination of technology, efficiency and speed.

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