Mohammed Rashdan to step down as Gamuda deputy group MD
“His departure from the group is to focus his attention, energy and effort on serving his national duty.
“His departure from the group is to focus his attention, energy and effort on serving his national duty.
Bay Street has a total of 47 units comprising two and three-storey retail shops with built-up sizes ranging from 3,300 to 7,557 sq ft with prices ranging from RM2 million to RM3.
Gamuda said it plans to refurbish and upgrade the property into a best-in-class, top-rated environmentally sustainable ESG office space that caters to global or multinational financial institutions, legal firms, and mega-tech corporations.
In a note on Friday (March 24), the research house said it expects a stronger 2HFY23 for Gamuda driven by RM8.
Gamuda is expecting its performance this year to be driven by property sales, a pick up in work progress of the Sydney Metro West-Western Tunnelling Package, the Coffs Harbour Bypass and the M1 Motorway Extension projects in Australia, following the sale of its highway assets to Amanat Lebuhraya Rakyat.
Ambrin, 74, joined Gamuda’s board in September 2018 as the construction giant’s independent non-executive director.
The group is looking forward to this partnership, which further reinforces the group’s sustainability agenda, particularly its commitment to reducing carbon emissions.
Post election, it noted, there are uncertainties over the timing of mega infrastructure rerating catalysts.
"We anticipate a greater uptake for our future products with the upcoming retail, leisure and commercial properties in the next two years to tailor for the burgeoning market in this area.
This issue of “vacant possession simultaneously with strata titles” has somehow been delayed these last few years since its inception because of some alleged technical problems.