Construction completion is expected within 18 months. Credit: Andrewshots via Shutterstock.

MGB Construction & Engineering has accepted a letter of award (LoA) from Anuar Aziz Architect, on behalf of Kemudi Ehsan, to build industrial units in Selangor, Malaysia. 

The contract, valued at RM189.35m ($40.33m), will see the construction of various industrial units and infrastructure as part of the LBS Alam Perdana township. 

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This new contract boosts MGB’s existing construction order book to RM1.38bn, with unbilled property development sales standing at RM0.75bn as of 30 April 2024. 

MGB Construction & Engineering is a wholly owned subsidiary of MGB, which itself is an LBS Bina Group subsidiary, as well as a construction and property development solutions provider. 

The project on Lot 4295, Mukim Ijok, Daerah Kuala Selangor, comprises five phases.  

It includes the construction of 112 low-cost single-storey industrial terrace units, 96 two-storey terraced factories, and 116 three-storey semidetached factories.  

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Additionally, the infrastructure development will consist of 13 electrical substations, one main switch station, and a retention pond. 

Construction has already commenced, with completion expected within 18 months.  

MGB group executive chair Tan Sri Ir Lim Hock San said: “This contract will provide us with steady earnings visibility in the coming years. In addition to our expertise in the construction of both landed and high-rise residential properties, we are delighted to develop and build industrial units in the Alam Perdana township which enhances our track record for non-residential projects.

“Moving forward, we continue to explore a variety of opportunities both in Malaysia and internationally.”