PETALING JAYA: GDB Holdings Bhd
has secured a RM439.4mil contract to construct the Wolo Hotel & Residences Mont Kiara KL project in Kuala Lumpur, from Magma Kiara Sdn Bhd, a wholly owned subsidiary of Magma Group Bhd.
In a statement, the construction group said Grand Dynamic Builders Sdn Bhd, a wholly-owned subsidiary of GDB, has been appointed as the main contractor for the construction of a 60-storey mixed-use tower.
“The development encompasses 378 serviced apartments, 98 serviced suites, a 63-room hotel, retail spaces and ancillary facilities. Construction works are scheduled to commence in August 2026, with completion targeted for December 2030.”
GDB said the new contract of RM439.4mil is in addition to and substantially enlarges GDB’s existing total order book beyond the RM620mil recorded as at March 31, 2026, underpinning robust earnings visibility to 2030.
“In addition to its existing order book, GDB’s tender pipeline stands at RM10bil as at July 8, 2026, comprising prospective projects spanning industrial, data centre, commercial and residential sectors.”
