The Kaohsiung Port project marks Gamuda’s ninth win in Taiwan, similar to the Guantang Marine Bridge … More
A group led by Gamuda—a construction company cofounded by Malaysian tycoon Lin Yun Ling—won a 3.7 billion ringgit ($883 million) contract to build a port in Dalin, about 200 kilometers south of Taipei.
The Kuala Lumpur-listed company holds a 70% stake in the joint venture that will build the infrastructure for the Kaohsiung Port Intercontinental LNG Terminal, which is expected to be completed by 2030, according to an announcement on Monday.
With a majority stake in the joint venture, Gamuda is expected to earn 2.6 billion ringgit ($620 million) in revenue from the project, which it will start booking in the year to July 2026 until the project is completed.
The project entails the construction of a 2.2 km seawall, a 1.2 km bridge, and other infrastructure facilities needed to unload, store, and process LNG for delivery to customers in Dalin and surrounding areas.
Gamuda is well on track to hit its 45-billion-ringgit orderbook target this year, according to a recent research note by Kenanga Investment Bank. The company is bidding for several projects including data centers in Malaysia, a railway in Brisbane and a highway in New Zealand, it added.
Founded in 1976 by Lin and Koon Yew Yin, Gamuda has grown from a construction company into a leading infrastructure and real estate company in Malaysia, with projects in Australia, Singapore, Taiwan, the U.K., and Vietnam.