GDB wins RM865.7mil logistics hub construction contract


GDB Holdings Bhd group managing director Cheah Ham Cheia

KUALA LUMPUR: GDB Holdings Bhd has secured a RM865.7mil contract to construct a logistics hub in Seksyen 15, Shah Alam, Selangor.

The construction services firm said this contract represented GDB's second successful bid to construct a logistics hub.

GDB’s wholly-owned subsidiary Grand Dynamic Builders Sdn Bhd (GDBSB) accepted the letter of award from Strategic Sonata Sdn Bhd.

The 30-month contract is slated to commence in June 2024 and is targeted for completion in December 2026.

“Winning our second contract to build a Logistics Hub reinforces our position as a diverse construction company with expertise across a vast range of buildings,” group managing director Cheah Ham Cheia said in a statement.

“Also, this new win boosts our outstanding current order book to RM1.2bil, providing us with sustained work until 2026.”

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

GDB , logistics hub

   

Next In Business News

Lagenda Properties' unit secures contract worth up to RM99.6mil
Icon Offshore secures four key agreements to drive portfolio growth and expansion
RHB, CGC ink Malaysia’s first LCTF portfolio guarantee agreement, valued at RM400mil
Solarvest secures RM142mil solar EPCC contract in Kedah
Allianz Malaysia posts 7.4% lower earnings of RM183.17mil in 3Q
Tex Cycle eyes M&A, ESG market expansion
Ringgit retreats after three days of gains
Sarawak Plantation posts 14.5% profit jump in 3Q, declares 15 sen dividend
MAHB raises RM1.6bil in oversubscribed sukuk wakalah
MNRB appoints Rudy as interim president & CEO

Others Also Read