Yongnam clinches $159m contract for JTC Food Hub@Senoko

It will be completed in 1H17.

A subsidiary of Yongnam Holdings, along with a JV partner, has clinched a $159m contract for the building and development of a new seven-storey ramp-up development in the Senoko Food Zone.

Yongnam Engineering & Construction has formed a 51%:49% joint venture with Jian Huang Construction for the project.

 Construction work on the project is expected to commence from March 2015, with completion slated for the first half of 2017.

This project is expected to have a favourable impact on the group’s financial performance for the financial year ending December 31, 2015. 

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