Joint Ventures
Apart from the Company's construction contracting and subcontracting, it operates its construction business in cooperation between other companies in the form of joint ventures. The joint ventures allow the Company to undertake projects requiring advance technologies as well as complement its skill sets. Such strategic alliances enable the parties to meet the client's requirements and maximize the use of their machinery, equipment, and personnel in order for the projects to achieve efficiency.
NWR - SBCC Joint Venture

During 2008, The Company entered into a joint venture agreement with Saraburi Coal Company Limited whereby it has a 50 percent interest in NWR - SBCC Joint Venture, which is engaged in the contract work of soil and coal extraction and ransportation at Mae Moh mine, Lam Pang.



Joint Ventures Address Nature of Business Share of Profits
(Percent)
Obayashi - Nawarat Joint Venture 2/3 Moo 14, Bangna Towers A,
18th-19th Floor, Bangna-Trad Road
Km. 6.5, Bangkaew, Bangplee,
Samutprakarn 10540
Construction 30
QINA Contracting (L.L.C.) Office No.2107, 21 floor, Grosvenor
Commercial Tower Bldg, Sheikh
Road, Dubai, UAE
Construction 20
NWR - STG Joint Venture 2/3 Moo 14, Bangna Towers A,
18th-19th Floor, Bangna-Trad Road
Km. 6.5, Bangkaew, Bangplee,
Samutprakarn 10540
Construction 80
A.S. - Nawarat Joint Venture 2/3 Moo 14, Bangna Towers A,
18th-19th Floor, Bangna - Trad Road
Km. 6.5, Bangkaew, Bangplee,
Samutprakarn 10540
Construction 50
ITD - Nawarat (L.L.C.) Office No.126,
1st Floor, Sh.rashid Bin Khalifa
AI Maktoum Sheikh Zayed Road,
Dubai,U.A.E.
Construction 40