Gamuda Berhad has entered into a strategic agreement with Pearl Computing Malaysia Sdn Bhd, an affiliate of Google, involving the sale of a 389-acre site in Port Dickson for RM455.23 million and subsequent development works valued at RM1.01 billion.
The land, initially acquired by Gamuda for RM424.4 million in December 2024, will serve as the foundation for a large-scale data centre project. The transaction marks a significant milestone in Gamuda’s expansion into digital infrastructure and underscores its commitment to supporting Malaysia’s growing role in the global data centre ecosystem.
In a filing with Bursa Malaysia, the engineering and construction group announced that its subsidiary, Gamuda DC Infrastructure Sdn Bhd, signed a sale and purchase agreement (SPA) as well as an external infrastructure contract with Pearl Computing on 2 May 2025.
Under the agreement, Gamuda will deliver a comprehensive scope of enabling works — including civil works, utility connections, and water infrastructure — forming what it describes as a “top-to-toe” solution tailored for hyperscale clients. This includes the construction of a water treatment plant with a daily capacity of 65 million litres, due for completion in Q2 2027. An off-river storage facility, aimed at ensuring sustainable water supply and mitigating pollution during dry seasons, is also slated for delivery by Q4 2028. The infrastructure will feature pipelines connecting the plant to a service reservoir dedicated to the data centre’s operations.
“The project reflects Gamuda’s full-spectrum delivery model for the fast-growing data centre sector, encompassing land development, critical utilities, and supporting infrastructure to deliver a ready-to-build platform,” the company stated in its announcement.
Gamuda further highlighted that the initiative leverages its engineering expertise and advanced industrialised building system (IBS), which together enable accelerated construction timelines, enhanced cost control, and precision quality assurance — key considerations for international tech clients.
The land disposal is expected to be completed in the fourth quarter of 2025, subject to the fulfilment or waiver of conditions outlined in the SPA.
As of the midday trading session on Monday, Gamuda shares declined eight sen or 1.8% to RM4.32, valuing the company at RM24.9 billion. The stock has registered a year-to-date decline of 8.3%.
–The Edge Malaysia
