Latest news with #LinYunLing
Forbes
01-07-2025
- Business
- Forbes
Malaysian Tycoon Lin Yun Ling's Gamuda Wins $883 Million Port Project In Taiwan
The Kaohsiung Port project marks Gamuda's ninth win in Taiwan, similar to the Guantang Marine Bridge ... More (pictured), which also supports the region's LNG infrastructure. 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.
Forbes
06-05-2025
- Business
- Forbes
Google Doubles Down On Malaysia With $236 Million Data Center Deal Awarded To Gamuda
The Google logo is seen outside a building housing Google offices in Beijing on February 4, 2025. ... More (Photo by GREG BAKER / AFP) (Photo by GREG BAKER/AFP via Getty Images) Alphabet's Google is doubling down on its data center investments in Malaysia by awarding Gamuda—a construction company cofounded by tycoon Lin Yun Ling—a second contract worth 1 billion ringgit ($236 million). A unit of the Kuala Lumpur-based company, Gamuda DC Infrastructure signed an agreement with Google's Pearl Computing Malaysia for the construction of a hyperscale data center in Port Dickson, about 90 kilometers south of Kuala Lumpur, according to a stock exchange filing on Monday. Under the deal, Gamuda DC will also build a water treatment plant to supply 65 million liters of water per day needed to cool the data center. Separately, Gamuda DC also agreed to sell 389 acres (157 hectares) of land to Pearl Computing for 455 million ringgit ($107 million). The property will be the site of the data center project. In May 2024, Google awarded Gamuda a 1.7 billion ringgit deal to handle the mechanical, electrical, and plumbing works for Pearl Computing's data center project at Elmina Business Park in Selangor, northwest of Kuala Lumpur. Malaysia is rapidly emerging as a key hub for data centers, fueled by the region's AI boom. Google announced a $2 billion investment to develop its first data and cloud centers in the country last year. Other global tech giants, including Microsoft and Oracle, are also pouring in funds—bringing total investment commitments to over $23 billion. Gamuda is one of Malaysia's leading infrastructure and real estate companies. It was founded in 1976 by Lin and his partner Koon Yew Yin. While based in Malaysia, the company also has projects in Australia, Singapore, Taiwan, the U.K., and Vietnam.
