In alignment with this commitment, MRCB’s crafted Growth Strategy positions us as a responsible leader within our industries. This Strategy is anchored on four Growth Principles, each driven by seven Key Action Plans.
The execution of these principles and action plans are entrusted to our talented workforce, who operate under the guidance of our strong core values and exemplary corporate governance, ensuring that our business activities are conducted with utmost ethics and professionalism. We firmly believe that the integration of technology is pivotal in steering MRCB towards a cost-efficient and resilient future. Our Digitalisation & Automation Roadmap spearheads this initiative, complemented by strategic investments in innovative construction methodologies and technologies.
Sustainability is not just a facet but an integral part of our organisational culture, influencing every angle of our operations. It extends beyond ensuring sustainable returns to encompass the responsible use of natural resources.
We believe that our Strategy, underpinned by the comprehensive Sustainability Framework, will not only set MRCB apart from its competitors in realising sustainable returns, but will also position us as innovators, proactively addressing both current and future market needs. Our Strategy has four Growth Principles, driven by seven Key Action Plans:
MRCB will continue to tender for projects with relatively high pre-qualification requirements and barriers to entry, infrastructure construction projects, particularly in the rail, energy transition and climate adaptation infrastructure sectors, and any other new market opportunities where MRCB’s technical expertise and skill sets will create value. We will also undertake RM3.6 billion of new property developments projects targeted in 2024 and continue to focus on completing our existing construction contracts and property development projects.
To continue to grow our construction orderbook and property development pipeline in Malaysia and overseas and improve the consistency of our long-term revenue streams through a more diversified project and geographic base.
MRCB will continue to execute its plans to implement the pipeline of RM3.2 billion of projects in Australia and New Zealand, including marketing the newly launched Vista in Surfer’s Paradise, Gold Coast and begin marketing The Symphony Centre in Auckland ahead of the handover of the project site after completion of the rail station that the project will sit above and will be integrated with. MRCB will also continue to focus on exploring other opportunities for expansion in Australia and New Zealand, as well as looking for other overseas expansion opportunities. Continue to tender for infrastructure construction projects in East Malaysia.
To grow the Group’s Australia and New Zealand businesses with the aim of them becoming very significant and sustainable long-term contributors to the Group, by recycling capital and reinvesting the profits from existing projects in these territories into a greater number of new projects.
Expand the industrial and logistics segment by marketing and developing the Ipoh Raya Integrated Park to large foreign direct investors and multi-national corporations looking to diversify their international manufacturing bases and invest in large, integrated, strategically located, bespoke developments meeting their sustainability requirements. MRCB will continue to negotiate with clients to finalise the awards contracts for the re-development of Stadium Shah Alam and KL Sentral Station. We will also continue to tender and submit proposals for energy transition and climate change adaption infrastructure projects, like WTE, renewable energy and flood mitigation infrastructure projects, and any other new market opportunities where MRCB’s technical expertise and skill sets will create value.
Continuing to expand into new markets and grow our construction order book and property development pipeline to improve the consistency of our long-term revenue streams through a more diversified project and market segment base.
Drive further productivity and cost efficiencies through digitalisation and automation to further reduce headcount through natural attrition and office space rationalisation.
To continue to adopt digitalisation and automation to attain leaner and efficient operations to maintain cost competitiveness.
To secure projects that can benefit from modular applications, including developing schools, as well as affordable housing.
We will also continue to explore the adoption of MBS for other potential products and applications in the public sector such as Centralised Labour Quarters (CLQ), External Labour Quarters (ELQ), police accommodation and prisons, where speed of construction is a client priority and market these to relevant stakeholders.
To increase the percentage of developments constructed using MBS technology in Malaysia.
MRCB will continue to proactively identify and address emerging challenges to our business and ensure all risks are well mitigated, as well as continue our commitment towards upholding good corporate governance and complying with all best practices, as well as safeguarding the interests of all employees and stakeholders.
To further improve operational and sustainability standards by developing strategies and adopting best practices and meeting global standards that will allow MRCB to compete with the very best internationally.
We will continue to focus on our talent development and succession planning initiatives, including Individual Development Plans to build a competent, driven workforce with clearly defined career paths so that our people can grow with the organisation. We will continue to upskill our people by utilising programmes developed by leading training companies and institutions.
To have a sustainable, dynamic, engaged, and nimble workforce that can adapt to changing environments, ensuring smooth and sustainable business operations, aiming to be recognised as a trusted and preferred employer
