In anticipation of explosive growth, Gamuda Bhd is targeting a RM10 billion order book for its financial year ending July 31, 2022 (FY22), about half of which is expected to come from the Penang South Islands reclamation project and the rest from Australia.

The company is actively bidding for a number of projects Down Under and is targeting an order book of RM15 billion to RM18 billion over the next three years.

But Gamuda officials were tight-lipped when pressed for further details and they commented that they were not able to disclose details about their projects in Australia due to strict requirements in the property market.

The group is awaiting the results of two tenders and these should be out next year while they are also targeting three or four new tenders in Australia.

The group is also looking to expand its current base of ongoing projects secured in the last few years in Thailand and Singapore.

Gamuda stated that it should hopefully be an encouraging few years as governments in the region are looking at infrastructure spending to lead post-pandemic economic recovery and they hope to capitalize on these opportunities.

-THE MALAYSIA VOICE