Gamuda bags RM1.74bil data centre contract

KUALA LUMPUR: Gamuda Bhd’s wholly owned subsidiary, Gamuda Engineering Sdn Bhd has secured two contracts totalling RM1.74bil for the development of a hyperscale data centre in Elmina Business Park.

In a filing with Bursa Malaysia, Gamuda said it secured a RM928.6mil contract from Pearl Computing Malaysia Sdn Bhd.

The contract was for the mechanical, electrical and plumbing (MEP) fit-out works associated with a hyperscale data centre in Elmina Business Park 1A.

It said the scope of works includes fit-out, testing and commissioning of mechanical, electrical and plumbing works for the said data centre.

Construction is expected to commence on July 1, 2025 with completed date on Sept 9, 2026.

“The said project is expected to contribute positively to the revenue and earnings of Gamuda Group over the next two years,” it said.

Gamuda will also be responsible for the construction, completion, testing, and commissioning of the hyperscale data centre and associated ancillary facilities.

This phase has a contract value of RM815mil and is scheduled to begin on May 27, 2024, with a target completion date of Feb 27, 2026.

“To meet the rising demand for data centre construction, Gamuda plans to ramp up its Next-Gen Digital (Industrialised Building System) IBS production capacity for data centre materials. This strategic move positions Gamuda to capitalise on the significant opportunities,” Gamuda said in a statement.

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