Sunway Holdings Bhd's unit, Sunway Creative Stones Sdn Bhd, (Abu Dhabi Branch) has accepted a letter of award for a sub-contract worth RM65.69 million, said Sunway Holdings.The contract is from Silver Coast–Sunway Innopave Joint Venture for the supply, delivery and installation of stones and tiling work for the proposed Arzanah Development, Sector W-57, Abu Dhabi, United Arab Emirates (UAE).Sunway Creative has been instructed to commence preparatory works on April 1, 2010 for the proposed project pending the formalisation of the letter of award from Silver Coast – Sunway Innopave Joint Venture, it said in a filing to Bursa Malaysia today. The project is targeted for completion on March 31, 2011 and is expected to contribute positively to group earnings for the financial year ending December 31, 2010 onwards.
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