{
  "id": 2489490,
  "title": "Malaysian tycoon Jeffrey Cheah’s Sunway Construction secures $257M engineering job from US multinational tech firm",
  "url": "https://urgent.news/2026/08/22/malaysian-tycoon-jeffrey-cheahs-sunway-construction-secures-257m",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-22T03:39:40.000Z",
  "source": {
    "name": "VnExpress Business",
    "slug": "vnexpress-business",
    "url": "https://e.vnexpress.net/news/business/companies/malaysian-tycoon-jeffrey-cheah-s-sunway-construction-secures-257m-engineering-job-from-us-multinational-tech-firm-5112006.html"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "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.",
  "key_points": [
    "Malaysian tycoon Jeffrey Cheah's Sunway Construction secures $257M engineering contract",
    "Project comprises two works, to be completed by March 2028",
    "SunCon Group secures RM6.85B in new orders for current fiscal year"
  ],
  "editors_take": "This contract win boosts Sunway Construction's order book to RM6.85 billion for the fiscal year, solidifying its position in the engineering and construction sector with a string of recent data center and infrastructure projects.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}