Malaysian tycoon Jeffrey Cheah’s Sunway Construction secures $257M engineering job from US multinational tech firm
Sunway Construction Group (SunCon), part of Malaysian tycoon Jeffrey Cheah’s Sunway conglomerate, has secured RM1.04bil in mechanical, electrical and plumbing fit-out works from a US-headquartered multinational technology company.
Malaysian tycoon Jeffrey Cheah's Sunway Construction has been awarded a $257 million engineering contract by a US multinational tech company, according to a stock exchange filing. The project, which comprises two distinct works, is slated to commence promptly and be finalized by March 2028. The identity of the client and the projects' specific locations remain undisclosed.
As of the announcement date, SunCon Group had secured RM6.85 billion in new orders for the current fiscal year, encompassing the aforementioned contracts. This recent acquisition follows a RM1.02 billion engineering deal for a data center project in Johor, announced earlier this month. Additionally, SunCon secured RM664.4 million in further contracts in June for two data center-related substation projects in the same state, as reported by local media.
Sunway Construction is part of the Sunway Group, a conglomerate founded and developed by Cheah, which has evolved from a tin-mining enterprise to a diverse business encompassing construction, real estate, healthcare, education, and infrastructure sectors. Cheah was ranked Malaysia's 8th wealthiest individual earlier this year by Forbes, with an estimated net worth of $4.9 billion based on real-time data.
Written by urgent.news from VnExpress Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
