Wasco Bhd Faces Supply Chain Challenges Amid Middle East Conflict

Wasco Bhd's operations in Qatar and Dubai are significantly affected by supply chain disruptions linked to the Middle East conflict, resulting in minimal staffing and operational challenges. The company's order book is valued at RM2.8 billion, with a tender book amounting to RM12 billion, ensuring earnings visibility into FY26.

Managing director Gian Carlo Maccagno indicated that the ongoing situation could drive investment into alternative energy sources and regions previously deemed economically unviable, such as Australia. The firm is poised to leverage structural shifts in global energy supply and enhance its competitive position by focusing on reliability, safety, and efficiency enhancements. Wasco's operations span Southeast Asia, the Middle East, Africa, Europe, and Australia, involving pipeline services, offshore developments, and energy storage systems.