GDB secures RM119 million Sarawak flood forecasting subcontract
The award takes the group's year-to-date contract wins to RM795.3 million, with completion scheduled for Nov 29, 2029.
GDB Holdings Bhd has won a RM119 million construction subcontract for Sarawak's National Flood Forecasting and Warning Programme Phase 3, according to its bourse filing. Main contractor I-Ilham Corporation Sdn Bhd awarded the work to GDB Infra Sdn Bhd, a wholly-owned subsidiary of GDB.
The work is scheduled to be completed on Nov 29, 2029. GDB said the award is its fourth infrastructure contract in Sarawak and takes the value of its construction work in the state to RM355.9 million.
With year-to-date awards reaching RM795.3 million across East Malaysia and the peninsula, the group said it remains on course for its FY2026 order book target of RM1 billion.
GDB reported a tender book of RM4.3 billion as of Oct 13, 2026. The tenders cover infrastructure, residential, mixed-use, commercial, data centre and industrial projects.
At the close of trading, GDB shares stood at 42 sen, up 1.5 sen or 3.70%. Its market capitalisation was RM433.13 million.
