Samsung-UEM consortium wins RM2.12bil KL118 Tower job


PETALING JAYA: The consortium of South Korea-listed Samsung C&T Corp and its local partner UEM Group Bhd is believed to have won the US$505mil (RM2.12bil) construction job for the KL118 Tower, amidst a soft property market along with a glut in office space.

Wire news flashed that Samsung C&T had won a Malaysian construction order worth US$505mil, with the source of this information coming from a company statement by Samsung C&T.

The Star 6.6 DEAL: 35% OFF Digital Access

Monthly Plan

RM 13.90/month

RM 9.04/month

Billed as RM 9.04 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , Samsung , UEM , 118 , Tower , KL118 ,

Next In Business News

Trading ideas: Coastal, Titijaya, Kerjaya, Capital A, SD Guthrie, FACB, Shin Yang, MMHE, Bermaz,
SD Guthrie to navigate Indonesian reform risks
HSS Holdings’ ACE Market IPO oversubscribed
SpaceX tells investors of blue-chip credit ratings
FROM CODE TO COASTLINES
GDEX expands into AI cloud
Tianjin develops sensors for embodied AI
Supply chains in check
GD in RM45mil commercial property buy
Oracle’s AI spending for 2026 exceeds forecast

Others Also Read