While details are still scarce, we believe opportunities are ample given the latest GDV estimate of RM140 billion.
Recall UEM Sunrise boldly entered into a joint venture to develop a 73-acre (29.54ha) land in Kepong yielding a gross development value (GDV) of RM15 billion over 15 years.
SunCon is actively looking for hospital job opportunities given that as much as RM29 billion has been budgeted by the government in 2019 for new hospitals.
Dr Mohd Afzanizam Abdul Rashid said the higher local participation in the project bodes well for the construction-related sector as the local contractors would stand to benefit.
The ex-Prime Minister has gone to court to face seven charges over the misappropriation of RM42 million from SRC International Sdn Bhd, a former subsidiary of 1MDB.
The news pulled its share price down near 4% from RM1.30 to settle at RM1.25 last Friday.