Propel Global JV lands RM70 mil civil works job for data centre in JB

• The contract covers civil and structural construction works and is scheduled for completion in the first half of 2026. The LOA also includes provisions for subsequent phases, which, if confirmed by the end of 2025, could raise the total project value to approximately RM325 million.

KUALA LUMPUR (Oct 16): Propel Global Bhd (KL:PGB) has secured a contract worth approximately RM70 million for the civil and structural works of a data centre development in Johor Bahru.

In a bourse filing on Thursday, the company said its joint venture had received and executed a letter of acceptance (LOA) from a Singapore-based multinational company for the project. The name of the company was not disclosed.

The contract covers civil and structural construction works and is scheduled for completion in the first half of 2026. The LOA also includes provisions for subsequent phases, which, if confirmed by the end of 2025, could raise the total project value to approximately RM325 million.

Propel Global's wholly-owned subsidiary Propel CMT Sdn Bhd holds a 51% participation interest in the JV, and will oversee overall management and administration.

Its partner China State Construction Engineering (M) Sdn Bhd (CSCEM) holds the remaining 49% and will handle project management and technical delivery.

“This project marks a strategic shift towards higher value digital infrastructure, supported by the Group’s established EPCC expertise,” Propel Global executive director and group chief executive officer Angeline Lee said in a separate statement.

“Through this award, Propel CMT will gain additional data centre execution capabilities, benefit from technical knowledge transfer and strengthen its skill sets, all of which will accelerate our ambition to become a recognised player in Malaysia’s digital economy supply chain,” she added.

With the latest contract award, Propel Global said it anticipates a significant increase in its order book over the next three years as it continues to pursue opportunities in both the data centre and renewable energy sectors.

Its shares closed unchanged at 7.5 sen on Thursday, with a market capitalisation of RM56 million.

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