Gamuda makes major move into digital market


Gamuda said the acquisition allows it to tap into a RM36bil market.

PETALING JAYA: Gamuda Bhd is going big into the cloud business by investing RM18mil in a Malaysian start-up offering Google Cloud solutions and by joining hands with Dagang Nexchange Bhd (Dnex) for a sovereign cloud solution.

In a statement yesterday, Gamuda announced that it is acquiring a 20% stake of up to RM18mil in Cloud Space Sdn Bhd, which is a Google Cloud premier partner.

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

Next In Business News

Stocks slide, dollar struggles as Trump's Greenland gambit rattles markets
US yields rise to multi-month highs on Trump's tariff threats
OMS Group inks deal with Ulstein for two next-generation cable-laying vessels
Ringgit firmer vs greenback on rising US-EU tensions
FBM KLCI retreats to 1,700 support as profit-taking accelerates
Trading ideas: IJM, Perak Corp, Kuchai, Favelle Favco, Reservoir Link, OpenSys, Teladan, PJBumi, AirAsia X, M&A Equity, Alliance Bank
Cypark aims for stronger recurring income stream
Iran’s real oil risk is labour strikes, not bombs
Coconuts might be IOI Corp’s next cash crop
Genting Plantations earnings to face setback

Others Also Read