Malaysian firms tap Australia's multibillion-ringgit investment boom
KUALA LUMPUR: Australia is becoming an increasingly important growth engine for Malaysian companies, as they tap billions of ringgit worth of opportunities spanning infrastructure, renewable energy (RE), mining and property.
Malaysian firms are increasingly capitalizing on Australia's multibillion-ringgit investment boom, with opportunities spanning infrastructure, renewable energy, mining, and property. Some Bursa Malaysia-listed firms, like Gamuda Bhd, have sizable exposure to Australian construction jobs. Analysts from CIMB Securities Sdn Bhd highlight Australia's appeal as a result of favorable migration trends, scalable operation opportunities, and a sound business environment.
Infrastructure projects, such as the 2032 Brisbane Olympics and Western Australia's aim to attract RM160 billion in private investments, present significant potential for Malaysian firms. Gamuda, a leading Tier-1 contractor in Australia since 2015, employs about 2,500 people and is undertaking major projects in Sydney Metro. The firm is also part of a consortium shortlisted for a construction package under the Sydney-Newcastle high-speed rail project.
Australia's energy transition, aiming for renewable energy to account for 82% of electricity generation by 2030, offers another avenue for Malaysian capital. Malaysian infrastructure and utility players see a positive long-term outlook for Australia's clean-energy transition, with Gamuda and Petronas-backed Gentari Australia leading the Malaysian charge.
Property developers in Malaysia are also showing interest in Australia, focusing on purpose-built student accommodation, co-living, and rental housing.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
