KUALA LUMPUR (April 27): Mohammed Rashdan Yusof has been appointed deputy group managing director (MD) of Gamuda Bhd effective May 1, and will head its property business.

Gamuda said Rashdan would work alongside deputy group MD Datuk Ir Ha Tiing Tai, who will continue to lead Gamuda Engineering as the unit aims to clinch significant contracts given the strong pipeline for railway projects planned for Malaysia.

"Rashdan will lead the property business by providing strategic direction and exploring collaborative partnerships with the aim of harnessing the value of Gamuda Land's vast landbank," the company said in a statement.

"With the roles streamlined, both Datuk Ha and Encik Rashdan will be well positioned to steer the group towards delivering the strong growth it expects to achieve over the next five years," it said.

Rashdan will also lead Gamuda's significant investment into technology and innovation under the Digital Transformation Roadmap to leverage the group's competitive edge.

"In line with this, he will play a key role in growing the business for Gamuda IBS, the country's first digital and robotic Industrialised Building System facility in Malaysia," Gamuda added.

Both deputy group MDs will report to Gamuda group MD Datuk Lin Yung Ling.

Rashdan has substantial corporate experience, having worked in various notable government linked companies and corporate advisory firms such as Khazanah Nasional Bhd and Maybank Investment Bank.

He also worked with several transport firms on merger and acquisition (M&A) deals that culminated in the formation of Prasarana and Rapid KL, and was the strategic adviser to the government in setting up the Land Public Transport Commission (SPAD). — theedgemarkets.com

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