DNeX secures US$1.8mil contracts, supporting hajj pilgrimage experiences
KUALA LUMPUR: Dagang Nexchange Bhd (DNeX), via its subsidiary Dagang Net Technologies Sdn Bhd, has secured contracts worth US$1.8 million to provide site facilitation and supply of technical and technological equipment at six international sites in Malaysia, Indonesia, and Turkiye.
These contracts were secured via its involvement in Saudi Arabia's Makkah Route initiative for 2025, supporting a seamless hajj pilgrimage experience for muslims worldwide, it said in a statement.
"The six sites involved are KLIA Terminal 1 (Malaysia), Soekarno-Hatta International Airport (Jakarta, Indonesia), Juanda International Airport (Surabaya, Indonesia), Adi Soemarmo Airport (Solo, Indonesia), Istanbul Airport (Istanbul, Turkiye) and Ankara Esenboga Airport (Ankara, Turkiye),' said the company.
DNeX's group chief executive officer Faizal Sham Abu Mansor said that securing the same six sites for 2025 is a testament to the trust placed by Saudi Arabia in the company's capabilities and commitment.
"Our ongoing collaboration with authorities in Malaysia, Indonesia, and Turkiye also reflects our dedication to operational excellence in international partnerships,' he said.
According to the statement, the Makkah Route Initiative is spearheaded by Saudi Arabia's Ministry of Interior, in collaboration with several other government entities, with DNeX having been involved in the project since 2019.
This initiative continues under the commission of Elm Company, a Saudi government-owned entity under the Public Investment Fund, the investment arm of the Saudi Ministry of Finance.
Moving forward, DNeX is optimistic about securing additional sites in the next hajj season, after securing six of the 11 global Makkah Route sites this year.
"The company also plans to deepen its collaboration with Elm Company, exploring opportunities in transportation and security, in line with its strategy to expand involvement in international government technology and infrastructure projects,' it added. - Bernama
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Sun
25 minutes ago
- The Sun
No energy disruption yet, but industry to closely track prices - S&P Global
KUALA LUMPUR:There is no global energy disruption so far, but industries will continue to closely monitor price developments, said S&P Global vice-chairman Daniel Yergin. He said that while there is currently a surplus of oil, industries must remain vigilant and ensure that energy security measures are firmly in place to address any potential disruptions. 'We will just have to see what happens over the next three to five days. I think we don't know (the disruption issues expectation), as these decisions are beyond just being made by a few people. 'It is really the decisions between Jerusalem, Tehran, and Washington, and people have to make some very important decisions,' he told reporters after the Energy Asia 2025 closing ceremony here today. He was responding to a question on the risk of supply disruption in the Middle East. The conflicts in the Middle East have escalated dramatically following a series of attacks by two major oil-exporting countries, Israel and Iran, on each other's energy infrastructure. The attacks have led to a potential closure of the Strait of Hormuz, a critical gateway to the world's oil industry. At the time of writing, Brent crude oil prices decreased 0.38 per cent to US$76.16 per barrel.
The Sun
25 minutes ago
- The Sun
No energy disruption yet, but industry to closely track prices
KUALA LUMPUR:There is no global energy disruption so far, but industries will continue to closely monitor price developments, said S&P Global vice-chairman Daniel Yergin. He said that while there is currently a surplus of oil, industries must remain vigilant and ensure that energy security measures are firmly in place to address any potential disruptions. 'We will just have to see what happens over the next three to five days. I think we don't know (the disruption issues expectation), as these decisions are beyond just being made by a few people. 'It is really the decisions between Jerusalem, Tehran, and Washington, and people have to make some very important decisions,' he told reporters after the Energy Asia 2025 closing ceremony here today. He was responding to a question on the risk of supply disruption in the Middle East. The conflicts in the Middle East have escalated dramatically following a series of attacks by two major oil-exporting countries, Israel and Iran, on each other's energy infrastructure. The attacks have led to a potential closure of the Strait of Hormuz, a critical gateway to the world's oil industry. At the time of writing, Brent crude oil prices decreased 0.38 per cent to US$76.16 per barrel.
New Straits Times
26 minutes ago
- New Straits Times
Bursa Malaysia ends mixed in choppy trading
KUALA LUMPUR: Bursa Malaysia ended a choppy but directionless trading session, with the index moving in a narrow range, amid global uncertainties, as investors refrained from taking long positions. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) reversed earlier losses to settle 0.31 of-a-point, or 0.02 per cent, higher at 1,511.95 from Tuesday's close of 1,511.64. The benchmark index opened 0.25 of-a-point higher at 1,511.89 and fluctuated between 1,509.42 and 1,512.96 throughout the trading session. The broader market was however negative, with 488 decliners outnumbering 361 gainers. A total of 503 counters were unchanged, 1,054 untraded and 13 suspended. Turnover declined to 2.42 billion units valued at RM1.79 billion compared with Tuesday's 3.03 billion units worth RM1.92 billion. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said key regional indices finished broadly lower as geopolitical tensions escalated over potential involvement of the US in the Israel-Iran conflict. Risk appetite declined amid reports that US President Donald Trump had met with senior advisers to review military options, including possible strikes on Iran. "Locally, we maintain our cautious stance due to the escalation geopolitical tensions in the Middle East. "We are hopeful that Israel and Iran will engage in peace talks to ease tensions and restore confidence among local investors," he told Bernama. Thong noted that buying opportunities may emerge in oil and gas and plantation stocks. "For the moment, we maintain our weekly FBM KLCI target at the 1,500-1,530 range," he said. Meanwhile, UOB Kay Hian Wealth Advisors Sdn Bhd's head of investment research Mohd Sedek Jantan said on the local front, attention turned to the progress of the US-Malaysia trade negotiations. Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Aziz and his delegation's arrival in Washington to engage with US Trade Representative Jamieson Greer and senior officials marks a pivotal moment in addressing tariff-related uncertainties that have clouded investor outlook in recent weeks. "Despite the cautious backdrop, selected domestically oriented sectors saw notable interest. Consumer discretionary and telecommunications stocks led gainers, underscoring investor confidence in Malaysia's underlying economic resilience," said Mohd Sedek. Adding to the constructive narrative, Malaysia's sharp rise in the latest International Institute for Management Development (IMD) World Competitiveness Ranking (WCR) 2025 -- advancing 11 spots to 23rd globally -- reinforces the country's reform momentum and macroeconomic credibility. "This supports our positive medium-term outlook, particularly for the construction sector, where structural themes such as hyperscale data centre investments and the Johor-Singapore Special Economic Zone are expected to serve as key catalysts for growth," he added. Among heavyweights, Maybank gained 7.0 sen to RM9.62, Tenaga dipped 8.0 sen to RM14.22, Public Bank added 2.0 sen to RM4.24, CIMB slid 1.0 sen to RM6.65, and IHH Healthcare eased 4.0 sen to RM6.85. As for the most active stocks, Tanco Holdings inched up half-a-sen to 98 sen, SNS Network Technology gained 4.0 sen to 53.5 sen, Magma Group rose 3.0 sen to 46 sen, NexG shed 1.5 sen to 34.5 sen, and Alam Maritim Resources slid half-a-sen to 3.0 sen.
