{
  "id": 17926472,
  "title": "GDB bags RM877mil Shah Alam logistics hub job",
  "url": "https://urgent.news/2026/11/03/gdb-bags-rm877mil-shah-alam-logistics-hub-job",
  "topic": "world",
  "section": "World",
  "published": "2026-11-03T07:02:33.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/11/1569797/gdb-bags-rm877mil-shah-alam-logistics-hub-job"
  },
  "original_language": "en",
  "account": "KUALA LUMPUR: GDB Holdings Bhd has successfully bid for a RM877 million contract to construct a logistics hub in Seksyen 15, Shah Alam. The award, to its wholly-owned subsidiary Grand Dynamic Builders Sdn Bhd, pertains to the building of two five-storey structures, incorporating mezzanine offices and a three-storey cafeteria. GDB executive director and acting group managing director Andy Lai Wee Young highlighted the contract as a testament to the firm's reputation for timely project completion. Leveraging its established presence in Peninsular Malaysia, strategic growth into East Malaysia and various sectors such as logistics, hospitals, premium residential, and civil infrastructure, GDB has constructed a robust portfolio, according to Young. The project is set to commence in November 2026 and conclude by September 2029, with a construction timeline of 34 months. The contract brings GDB's total order book to a record RM2.93 billion, ensuring earnings visibility until 2031. This marks the company's highest project replenishment in a single year, with its contract wins reaching RM2.69 billion so far this year. The logistics hub contract represents GDB's largest endeavor in the logistics sector thus far and is anticipated to boost future earnings throughout the construction period. Financed through internal funds and conventional bank loans, the project is GDB's most substantial to date in the logistics field.",
  "summary": "KUALA LUMPUR: GDB Holdings Bhd has secured an RM877 million contract to build a logistics hub in Seksyen 15, Shah Alam.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Free Malaysia Today",
        "title": "Shah Alam paying the price for deforestation, green group says on floods",
        "url": "https://urgent.news/2026/11/03/shah-alam-paying-the-price-for-deforestation-green-group-says-on",
        "published": "2026-11-03T03:27:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}