Heitech Padu Awarded RM892 Million NIISe Contract

Business Today · Oct 18 06:05

HeiTech Padu Berhad has officially signed a Letter of Award (LOA) from the Immigration Department of Malaysia to implement the National Integrated Immigration System (NIIS), a project valued at RM892 million. The contract spans 60 months, beginning on October 18, 2024, and ending on October 17, 2029.

In a recent filing with Bursa Malaysia, HeiTech Padu revealed that the company is required to submit a performance bond worth RM8.92 million to the Malaysian government. The bond must be provided within 30 days of the company receiving official acknowledgment of the LOA. The performance bond will remain valid from the effective date of the contract until 12 months after its completion.

This development follows the government's earlier termination of a similar contract awarded to IRIS Corporation, which was valued at RM1.12 billion. The decision to reevaluate the contract came after Prime Minister Anwar Ibrahim pledged to review and reassess large-scale projects granted under the previous administration, aiming to ensure better oversight and efficiency in public spending.

HeiTech Padu's role in the NIIS project marks a significant step in modernising the country's immigration systems, enhancing national security, and streamlining immigration processes.

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Heitech Padu Awarded RM892 Million NIISe Contract

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