SUBANG JAYA: Main Market-listed engineering services provider AWC Berhad (“AWC” or “the Group”) has strengthened its foothold in sustainable urban infrastructure with a strategic win—securing a 10-year Build-Operate-Transfer (BOT) concession for an automated waste collection system at Terminal Bersepadu Gombak, Kuala Lumpur.
Awarded to its wholly owned subsidiary Stream Environment Sdn Bhd (SESB), the concession is valued at RM18.4 million and runs from 15 March 2025, encompassing the construction, operation, servicing, and maintenance of the system in collaboration with Landasan Kapital (M) Sdn Bhd and Terminal Bersepadu Gombak Sdn Bhd.
“This is a significant milestone that affirms both our technical expertise and track record in delivering modern environmental solutions,” said Dato’ Ahmad Kabeer bin Mohamed Nagoor, Group Chief Executive Officer and President of AWC Berhad. “It reinforces our commitment to driving smart, sustainable solutions that align with the evolving needs of urban infrastructure.”
The award also adds a substantial boost to AWC’s environment division, increasing its outstanding order book—valued at RM163 million as of end-December 2024—and enhancing its recurring revenue stream, which currently accounts for approximately 22 per cent of total turnover.
“This BOT concession offers clear earnings visibility for the next decade and positions us well to capitalise on future opportunities, both locally and globally,” Dato’ Ahmad Kabeer added. “We’re not just managing waste—we’re redefining how public transportation hubs function by integrating environmentally friendly, high-efficiency waste solutions.”
The Gombak project marks AWC’s second BOT venture, following its successful decade-long contract at KLIA Terminal 2, which has since transitioned into a three-year maintenance agreement worth RM8.9 million. The Group sees this latest concession as a continuation of its strategy to deliver long-term value while strengthening client partnerships.
As cities accelerate their transition toward smarter, greener infrastructure, AWC’s proprietary technology and engineering capabilities are expected to play a vital role in enabling efficient, low-impact urban environments.
