Major projects in Penang enhance sector prospects

An artist’s impression of the Bayan Lepas LRT

PETALING JAYA: Developments in Penang, which include major infrastructure projects such as the Bayan Lepas light rail transit (LRT) and Silicon Island, are boosting the outlook of several construction companies and property development groups.

Among the potential beneficiaries are Gamuda Bhd, IJM Corp Bhd and Sunway Construction Group Bhd in the construction sector; and S P Setia Bhd as well as IJM again in the property development sector.