Gamuda Bhd is acquiring 389.7 acres of land in the Springhill Industrial Park, Port Dickson for RM424.4 million, cash, from a joint venture (JV) between MUI Properties Bhd (MUIPROP) and Chin Teck Plantations Bhd.

Gamuda Land, the property division of Gamuda Bhd (KL:GAMUDA), announced that Eaton Park, its latest mixed-use development located at Thu Duc City, Ho Chi Minh City (HCMC) in Vietnam, has surpassed a gross development value (GDV) and total sales of more than RM2 billion in eight months since its maiden launch in May.

Kumpulan Kitacon Bhd (KL:KITACON) said on Thursday it had secured two building works contracts worth a total of RM203.9 million.

Gamuda Bhd (KL:GAMUDA) is acquiring a 20% stake in Cloud Space Sdn Bhd, a Google Cloud premier partner, for RM18 million.

The research house raised its target price for Gamuda by RM1.15 to RM11.67, the highest among 21 covering the stock, and maintained its “buy” call.

Gamuda Land, the property arm of Gamuda Bhd (KL:GAMUDA), commenced the construction of two public primary schools in its 1,530-acre (619.17-hectare) Gamuda Cove township in Kuala Langat, Selangor, on Wednesday.

The construction sector in Malaysia is set to achieve its strongest year since 2016, driven by a surge in project roll-outs from both the public and private sectors, analysts from RHB said.

Mass Rapid Transit Corp Sdn Bhd (MRT Corp) is inviting local and foreign companies to participate in the tender for the Penang Light Rail Transit (LRT) Mutiara Line project, which the federal government has allocated RM10 billion for.

AWC said the five-year contract will run from Dec 12, 2024, to Dec 11, 2029. 

Gamuda Land, the property arm of Gamuda Bhd (KL:GAMUDA), and Taylor's Education Group have collaborated to establish affordable international schools within Gamuda Land's townships.