Gamuda Bhd (KL:GAMUDA) said on Friday it is buying three plots of land measuring 336 acres combined for RM248.7 million near its current project in Selangor.

The partnerships will bring a new wildlife experience, two eco-resorts, and an indoor children’s play centre to locations including the 1,111-acre Paya Indah Discovery Wetlands, the 90-acre Wetlands Arboretum and The Hive at Gamuda Cove.

CIMB Securities said Gamuda is well placed to win upcoming data centre projects at the Springhill Industrial Park, and also Google's planned sites at the Elmina Business Park and Eco Business Park. 

Gamuda Bhd’s wholly-owned indirect subsidiary Gamuda DC Infrastructure Sdn Bhd (Gamuda DCI) is selling approximately 389 acres of industrial land in Port Dickson, Negeri Sembilan to Pearl Computing Malaysia for RM455.23 million.

The Negeri Sembilan government is in the process of developing two data centres in the state, the State Legislative Assembly sitting was told on Monday.

Penang’s Light Rail Transit (LRT) Mutiara Line remained on track and on schedule, said its asset owner and project developer MRT Corp.

Bids for the Penang International Airport's (PIA) main terminal building under Package 3 are expected to open in May this year, ahead of its scheduled 2027 completion.

Gamuda Bhd (KL:GAMUDA) reported a 4.8% year-on-year increase in net profit for the second fiscal quarter thanks to domestic construction projects, particularly the Penang land reclamation works.

To ensure full transparency in the renewal of urban strata developments, the tender process will be jointly overseen by the Housing and Local Government Ministry (KPKT) together with the respective joint management bodies (JMBs) or management committees (MCs), said KPKT Minister Nga Kor Ming.

Construction stocks in Malaysia have room to improve from currently unjustified valuations, amid booming data centres and upcoming public projects, analysts said.