GDB eyeing projects worth RM2.9b in the Klang Valley

KUALA LUMPUR (June 14): Construction services firm GDB Holdings Bhd is tendering for RM2.9 billion worth of projects comprising residential and commercial buildings in the Klang Valley.

In a statement yesterday, GDB managing director Cheah Ham Cheia said its current tender book consists of 12 projects in the Klang Valley, namely buildings for residential, mixed development, hotel, factory and sales gallery.

He said the financial year ending Dec 31, 2019 (FY19) has seen gradual improvement in tender activity for the construction of various buildings, reflecting project owners’ recovering sentiment in the sector.

“On top of that, we also believe that our consistent track record in delivering projects ahead of schedule as exemplified with our recent completions places us in a favourable position to secure new contracts.

“To that end, we are continuously pursuing new contracts in a bid to bolster our order book of RM619.1 million as at end-March 2019,” he said.

Cheah added that in FY18, GDB had successfully delivered Etiqa Office Tower on July 13 and Westside III on Oct 20.

He said both projects were completed ahead of schedule and achieved five-star rating with score above 90% from the Construction Industry Development Board of Malaysia in safety and health assessment system in construction.

This article first appeared in The Edge Financial Daily, on June 14, 2019.

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