Malaysia's GDB Secures RM877 Million Contract for Shah Alam Logistics Center Construction

en.Wedoany.com Reported - On November 2, Malaysian construction company GDB Holdings Berhad's wholly-owned subsidiary Grand Dynamic Builders Sdn Bhd accepted a letter of award issued by Rochester Logistics Asset 2 Sdn Bhd, securing a logistics center construction contract worth RM877 million (Malaysian Ringgit). The project is located in Section 15, Shah Alam, Selangor, Malaysia, and the scope of works includes the demolition of existing factory buildings and the construction of two new five-storey logistics center buildings.

According to the announcement submitted by GDB to Bursa Malaysia, the project site is located at PT 845, Jalan 15/23. The new logistics facility will be equipped with integrated mezzanine office space and a three-storey canteen to support large-scale supply chain operations. The contract sum is RM877 million, inclusive of the prevailing 6% service tax.

The works are scheduled to commence on November 4, 2026, with a contract period of 34 months, and are expected to be completed on September 3, 2029. GDB stated that the project will be funded through internal group funds and bank borrowings, and is expected to contribute positively to the group's future earnings during the construction period.

This contract award has increased GDB's total outstanding order book to approximately RM2.93 billion, a record high for the group. The project is also one of the largest logistics center construction contracts the group has secured to date, further expanding its engineering business in areas such as large-scale logistics facilities, hospitals, residential developments, and civil infrastructure.