Inai Kiara set to expand business in Africa, Europe, S. America

PORT KLANG: Inai Kiara Sdn Bhd, the fifth largest dredging company in the world, is set to expand its international footprint particularly in Africa, Europe and South America amid an enormous opportunity for business.

The company had approached several potential clients particularly in Brazil and Argentina and was currently engaged in negotiations, said Inai Kiara general manager for business development Zulkefli Majid.

“We have to really support and build more vessels to strengthen our capacity in this area in order to penetrate Europe, Africa and South America,” he told reporters recently.

Inai Kiara already has its presence in Brunei, India, Indonesia, Taiwan and Vietnam.

In its five-year plan, the company aimed to build a super jumbo trailing suction hopper dredger with 64,000 cu m hopper capacity.

It also plans to build a similar capacity dredger as Inai Kenanga – the third vessel built by the company worth RM1.2bil – which was launched recently by Prime Minister Datuk Seri Najib Razak.

Inai Kenanga, which is the country and Asia’s largest and the world’s third biggest dredger, is a type of vessel which has full sailing capacity, used to maintain navigation channels or to deepen silted maritime canals.

The construction of the dredger began in the middle of 2010 with the keel laying ceremony at Inai Kiara’s shipyard, operated by its unit, Selat Melaka Shipbuilding Corp Sdn Bhd, in Pulau Indah, Port Klang.

Established in 1997, Inai Kiara is involved in dredging reclamation and marine-related industry and started to build its own dredging vessel in 2010.

In 2004, it was awarded a 15-year concession contract by the Government to manage and maintain all the country’s ports. The company is currently focusing on the construction of a new 4.7km long Kuantan breakwater project.

Inai Kiara has an authorised capital of RM250mil of which RM158mil has been paid up. – Bernama

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