KUALA LUMPUR, September 2025 — As infrastructure development remains a key driver of economic expansion across Asia, rail and utility projects are taking on greater strategic importance. Gamuda Bhd is showing strong momentum in this space, steadily increasing its orderbook through a string of high-profile infrastructure and rail tenders.

The company is currently on track to reach its 2025 orderbook target of RM 40 billion to RM 45 billion, having already secured RM 38.4 billion in contracts. Significant contributions are expected from its involvement in the Penang Light Rail Transit systems package and its role as preferred JV contractor for Marinus Link Stage 1, which may contribute an additional RM 1.4–1.8 billion in conversion. These projects, together with contracts in data centres and renewable energy, are expected to enhance its backlog of unbilled work orders.

To sustain its growth trajectory, Gamuda is pursuing further tenders, aiming toward an orderbook of RM 50 billion to RM 55 billion by end-2026. In response, analysts including Hong Leong Investment Bank and RHB Investment Bank have raised their earnings forecasts and maintained positive calls, citing Gamuda’s strong project execution capabilities and a rich project pipeline.

Gamuda’s emphasis on rail and large infrastructure work positions it advantageously in the regional development landscape. With its orderbook growth supported by diversified contract wins, the company looks well placed to play a central role in Asia’s ongoing infrastructure expansion.

Source: New Straits Times