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MSWG Weekly Newsletter 26 August 2022 (English)

Last Friday (19 August 2022), news started making the rounds in news outlets and social media that GDB Holdings Berhad, a Bursa Malaysia-listed construction firm had suspended its work on the 8 Conlay project site at Jalan Conlay, Kuala Lumpur. 

With a contract value of approximately RM1.25 billion, the 8 Conlay development is the single-largest project ever undertaken by GDB.

 

When GDB was awarded the project in November 2020, it was appointed as the main contractor of the project to complete the remaining main building works for 8 Conlay. The contract was to last for 32 months and was slated to be completed by 22 September 2023.