IJM Construction Sdn Bhd and LCL Interiors LLC (Joint Venture) has received a Letter of Award dated 12 June 2007 from Fortune Investment Group LLC for the Proposed Tower B+G+M+56TYP+2SER & 1 Block of 10-Storey Car Park Building – Package 2 (Prime Tower) in Dubai, United Arab Emirates (“the Project”) at the contract sum of AED202.4 million (approximately RM190.8 million) over a period of 28 months. 

The Project is jointly undertaken by IJM Construction Sdn Bhd (“IJMC”) and LCL Interiors LLC (“LCLI”) on the basis of 70:30 respectively. IJMC is a wholly-owned subsidiary of the Company and LCLI is a 49% associate of LCL Corporation Berhad.

None of the Directors nor substantial shareholders of the Company, or persons connected with them, has any interest, direct or indirect, in the transaction.