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

MCE secures contracts worth a combined RM120.67mil
FBM KLCI rises as optimism over US-China negotiations grow
IMF cuts Malaysia 2025 GDP to 4.1% on regional slowdown
Hartalega anticipates turnaround amid early signs of sales recovery
PETRONAS makes inaugural LNG cargo delivery to PetroVietnam Gas
F&N's dairy farm holds long-term potential
Ferrotec opens second high-tech plant in Kulim with RM1bil investment
Intel to announce plans this week to cut more than 20% of staff
Rammsol's indirect unit to partner Thai university for AI development
Bursa Malaysia rallies as talk of tariffs 'de-escalation' lifts global outlook

Others Also Read