GDB IS TENDERING FOR RM1.4B PROJECTS IN KLANG VALLEY (NEW STRAITS TIMES – 23RD MAY 2018)

KUALA LUMPUR: Construction services firm GDB Holdings Bhd is tendering for more than RM1.4 billion worth of new high-rise construction projects in the Klang Valley from various prominent developers and project owners.

In a statement, GDB said its order book stood at a healthy level of RM808.7 million as at March 31, 2018, to be recognised until the third quarter of the year ending December 31, 2020.

The group’s ongoing projects are Westside III in Desa ParkCity, Etiqa Office Tower along Jalan Bangsar, AIRA Residence in Damansara Heights, and Menara Hap Seng 3 within the Kuala Lumpur city center.

GDB managing director Cheah Ham Cheia said its vast technical expertise and track record in completing high-rise and high-value buildings ahead of contractual completion dates put it on a strong footing.

“Furthermore, we are targeting to expand the breadth of our construction jobs beyond our existing concentration in high-rise residences and office buildings. To this end, our ongoing tenders include a hotel and convention center, which are sizable projects to broaden our scope of expertise,” he said.

GDB expects higher revenue contribution from the AIRA Residence and Menara Hap Seng 3 projects as they progress from initial stages of construction. Both projects were secured in the second half of 2017.

The group posted net profit of RM6.6 million on the back of RM81.1 million in revenue in the first quarter ended 31 March 2018.

Close Menu