PETALING JAYA, Vestland Bhd has announced that its wholly owned subsidiary, Vestland Resources Sdn Bhd, has secured a subcontract worth RM56.38 million from Euro Saga Sdn Bhd to carry out construction-related works for the Kelantan Palace in Kota Bharu, Kelantan.
According to its filing with Bursa Malaysia, the scope of works under the subcontract will officially commence on 8 August 2025 and is scheduled for completion within 24 months, with the targeted handover date set for 7 August 2027.
Vestland noted that the project is expected to contribute positively to the group’s earnings and net assets throughout the contract period, provided there are no significant delays or unforeseen interruptions. The company also emphasised that the contract win reflects its strong track record and capabilities in delivering high-quality construction projects within strict timelines.
“The award of this subcontract not only strengthens our project portfolio but also reinforces our position as a trusted construction partner for high-profile and specialised developments,” Vestland said in the statement.
The Kelantan Palace project is anticipated to be one of the key highlights in the company’s ongoing expansion strategy, enabling it to tap into more niche and premium construction segments in the future.
