The two companies inked a memorandum of understanding (MOU) for the proposed partnership at the sidelines of the 102nd Asean Business Advisory Council (Asean-BAC) Meeting on Thursday.
“Looking forward to 2025, we anticipate the market will continue to grow, driven by residential development, emerging sectors such as data centres and renewable energy, as well as key infrastructure projects that will rekindle past interests and open up new investment opportunities,” said Rahim & Co executive chairman Tan Sri Abdul Rahim Abdul Rahman.
Looking ahead, HLIB expects further sectoral growth in 2025, with major projects such as the RM8.
The Bursa Malaysia Construction Index, which tracks 50 stocks in the sector, was down to its lowest in more than three months.
Data centres currently account for approximately 1% of global electricity demand, with projections indicating this could rise to 3% by 2030, according to WEF managing director Mirek Dušek.
“The incoming Donald Trump administration is unlikely to reverse the outgoing Joe Biden’s policies.
Bintai fell into the PN17 status after its external auditors flagged the company’s ability to stay as a going concern — an accounting parlance that casts doubt on an organisation’s resources and income to stay afloat — in the financial statements for the financial year ended March 2023.
The “marina-inspired living” homes have sizes ranging from 979 sq ft for the two-bedroom units while three-bedroom units range from 1,177 to 1,356 sq ft.
Previously known as Winchester House and the UK headquarters of Deutsche Bank, Gamuda and Castleforge acquired the building in February 2023 in a 75:25 joint venture.
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