The construction company Gamuda, cofounded by Malaysian tycoon Lin Yun Ling and his son Koon Yew Yin, has claimed victory in a $3.7 billion (883 million) contract to build one of Malaysia’s most ambitious ports, Dalin Port. This significant achievement marks the company’s leadership in theConstruction and Real Estate sector, tying it to the successful teardown of the Kaohsiung Port Intercontinental LNG Terminal, an industry go-to-market project that projects completion by 2030.
Gamuda’s ownership stake, accounting for 70% of the joint venture, is pivotal to this success. According to a recent announcement, Gamuda is projected to earn 2.6 billion ringgit (620 million dollars) from the project during the first year of operation, and the total revenue is set to reach 45 billion ringgit this year, marking the company’s 45-billion-ringgit orderbook target. This speaks to Gamuda’s robust operational capabilities and growing success across a range of projects.
The new port is going to be aHoof Template for Gamuda’s future growth. The construction project involves building a seawall that spans 2.2 kilometers, a bridge measuring 1.2 kilometers, and multiple other infrastructure facilities. The port will serve所在地s in Dalin,邊 Vicap, and Tengah Vicap, providing a gateway to the South East Dimensions of the Dalin-Dalaman High Speed:% inter staple route. This logistical hub will be equipped with State-of-the-Art machinery and infrastructure, strategically placed to handle the critical needs of logistics, processing, and distribution for LNG delivery.
Gamuda’s history is defined by its innovative and strategic approach to infrastructure development. Founded in 1976 by Lin Yun Ling and Koon Yew Yin, the company grew from a small construction firm to becoming one of Malaysia’s leading infrastructure and real estate groups. In this new project, Gamuda is part of a larger joint venture, implying a collaborative vision and strategic alignment. Gamuda’s experience in leading projects in countries like Australia, Singapore, Taiwan, the U.K., and Vietnam will serve as a foundation for ongoing success, ensuring the company remains at the forefront of global construction and infrastructure markets.
