Gamuda says to sign several 'imminent' large contracts, as 2Q profit grows 4.8%
Sales in its property segment rose 56% year-on-year to RM1.
Sales in its property segment rose 56% year-on-year to RM1.
Kerjaya Prospek (M) Sdn Bhd, had accepted a letter of award from TPDSB for the execution and completion of a Gurney pedestrian ramp, access to Gurney and all associated works at Bandar Tanjung Pinang, Pulau Andaman.
Northeast said the move aims to mitigate delays in its factory expansion caused by regulatory requirements.
Construction started in October 2023, and the hotel is scheduled to open in the first quarter of 2026.
The acquisition brings Hektar REIT’s portfolio to eight properties, which currently include shopping malls and an educational facility.
"I want to stress that the RM13 billion figure has not been finalised.
As the first Crowne Plaza in Penang, the 23-storey, five-star waterfront hotel features 343 rooms and suites, catering to increased business travel and foreign investment activity in the northern state.
The proposed disposal is expected to be completed in the second half of 2025.
The industrial land, located in Daerah Seberang Perai Tengah, is situated along Jalan Perindustrian Bukit Minyak 18 and runs parallel to the North-South Expressway.
Gamuda is on track to reach the RM40 billion to RM45 billion target by the end of 2025, the research house noted.