KUALA LUMPUR: Serba Dinamik Holdings Bhd aims to reduce the company’s dependency on oil and gas (O&G) revenue by 40%-45% by 2022.

Chief executive officer Datuk Mohd Abdul Karim Abdullah said the energy services group targets to reduce its O&G revenue to 75% from 85% last year.

“The company’s diversification would primarily focus on the technology-related segment.

“This is to strengthen the company’s financial position, ” he said after signing a memorandum of understanding (MoU) with Huawei Technologies (Malaysia) Sdn Bhd yesterday.

As for non-O&G, the company targets a revenue contribution of up to 55% in two years, said Abdul Karim.

The company intends to raise technology revenue to 7% or RM350mil this year and double the revenue contribution in 2021, he added.

Meanwhile, the collaboration with Huawei would boost Serba Dinamik’s digital transformation in the O&G industry, said Abdul Karim. “This will bring digital transformation not only for the O&G sector but also allow us to embark on innovative cloud-based solutions.

“This partnership also includes setting up smart industry areas in Sarawak and Johor, ” he said.

Huawei Malaysia CEO Michael Yuan said the tech company would be providing 5G technology, cloud services, and artificial intelligence (AI) technology to realise Serba Dinamik’s digital transformation. – Bernama