NEW VENTURE..The joint venture between CIDB, MOCA and THHE will open huge opportunities to both the construction and the oil and gas industry leaders.
Picture by Abdul Rakis Santa
SELANGOR – The joint venture between the Construction Industry Development Board Malaysia (CIDB) and Malaysia Offshore Contractors' Association (MOCA) will open huge opportunities to both the construction and the oil and gas industry leaders, according to Chief Executive of CIDB Malaysia, Dato' Seri Dr. Ir Judin Abdul Karim present to sign a memorandum of understanding (MoU) between CIDB and MOCA in Pulau Indah, Selangor.
He said complaints made by some of the industry leaders regarding the lack of employment opportunities and construction projects in the country should not be used as an excuse to deny that there are a lot of opportunities in other sectors such as oil and gas industry.
"Various complaints voices that the job opportunities and construction projects not as ‘exciting’ as it used to be even though there are still undiscovered goldmines by the construction industry leaders.
"That's why the Malaysian government and CIDB takes drastic measures to work with MOCA in the hope that the national income and the construction industry leaders continues to grow," he said.
He was speaking to the media after the MoU signing here.
Also present at the ceremony which jointly organized by TH Heavy Engineering Berhad (THHE) was President of MOCA, Arshad Ahmad; Managing Director and Chief Executive Officer of THHE, Nor Badli Mohd Alias and Chief Executive Officer of Malaysian Petroleum Resources Corporation (MPRC), Ir. Dr. Shahreen Madros.
In the meantime, the oil and gas industry is said to be a significant contributor to the achievement of the country’s economy by the year 2020. In which, the total Gross National Income (GNI) in 2020 will be the result of the 14 percent contribution from the oil and gas industry.
"We knew since the first oil was drilled in Sarawak over a hundred years ago, this industry would continue to be the mainstay of our country’s economic growth.
"For example, in the year 2008 alone, the oil and gas industry through Petronas contributed 44 percent of total government income in that year.
"This was followed in 2009 in which the oil, gas and energy industry accounted for RM127 billion which is 19 percent of the total Gross Domestic Product (GDP) compared to the construction industry that contributed only 3.5 percent in the same year," he said.
Therefore, he added, to understand how important and huge business opportunities offered in this industry, CIDB adopt a prudent strategy to ensure that local industry players, particularly construction contractors to directly involved in oil and gas industry.
It is learned that the MOCA and CIDB cooperation includes sharing of physical facilities for the purpose of education, research and development for the benefit of both industries.
In which the CIDB will develop oil and gas construction contractors as well as create special trainings and evaluating the need to increase the registration of contractors in the oil and gas industry.
At the same time, CIDB will also identify specific skills and knowledge required to qualify for construction contractors involved in construction outside the coastal zone.
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