George Kent clinches RM46m infrastructure project in Kwasa Damansara

• This marks the second project secured by the group this month, following the RM26.7 million contract for the Sarawak Water Supply Grid Program’s Stressed Area project.

KUALA LUMPUR (Dec 16): George Kent (Malaysia) Bhd (KL:GKENT) has secured a RM45.5 million contract from Kwasa Land Sdn Bhd for the Kwasa Damansara township development in Sungai Buloh, Selangor.

It involves the proposed construction, completion, testing, and commissioning of a suction tank, pump house, water reservoir, 11kV switching station unit and all associated works at the project site.

The project is scheduled to commence on Jan 9, 2025, with a target completion date of July 8, 2027, George Kent said in a statement.

This marks the second project secured by the group this month, following the RM26.7 million contract for the Sarawak Water Supply Grid Program’s Stressed Area project.

“We are honoured to be entrusted with this significant project in Kwasa Land. This award reflects our ability to deliver innovative and reliable solutions for infrastructure development. We look forward to contributing to the success of Kwasa Damansara and supporting its growth as a vibrant urban township,” said George Kent executive chairman Tan Sri Tan Kay Hock.

Looking ahead, he said the group remains confident in its ability to continue delivering high-quality infrastructure projects. “By leveraging the group’s strong track record and technical capabilities, George Kent is committed to supporting Malaysia’s urban development and economic progress,” he added.

George Kent is an engineering and metering company in the water infrastructure, rail transportation and hospital construction industries. It specialises in the turnkey construction of water infrastructure and hospital projects, system works for rail transportation, and operation and maintenance of water treatment facilities.

For the second quarter ended Sept 30, 2024, the group incurred a net loss of RM21.25 million against a net profit of RM105,000 in the same period a year earlier, mainly attributed to unrealised foreign exchange loss, while revenue declined 20.88% year-on-year to RM29.83 million on lower contribution from the engineering and meter divisions.

Shares of George Kent gained one sen or 3.08% to close at 33.5 sen on Monday, valuing the group at RM169.5 million.

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