---
endpoint: analytics
pattern: Infrastructure
status: done
latency_ms: 148303
conversation_id: 5f388fea-83d1-42fe-9364-26cc55298d1a
citations: 7
created: 2026-05-31 18:14:10Z
---

# Who are the key customers and suppliers of Gamuda?

# Gamuda Berhad (GAM-MY / 5398) — Key Customers and Suppliers

Gamuda is a Malaysian construction, infrastructure and property group operating across Malaysia, Singapore, Taiwan, Australia, the UK and Vietnam. Because Gamuda is primarily a contractor and property developer, its "customers" are the **project owners (governments, transport authorities, hyperscale data-centre operators, joint-venture partners, and end-buyers of property)**, while its "suppliers" are **construction subcontractors, materials vendors, and procurement partners managed through a Group-wide SAP Ariba platform**. The picture below is synthesised from Gamuda's FY24 Interim Report, FY2025 Integrated/ESG Report, Downer EDI's filings, and CLSA's sell-side coverage (Jan 2025 – Jun 2025).

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## 1. Key Customers / Clients by Vertical

### A. Transport Infrastructure (Governments & Transit Authorities)

This is Gamuda's flagship vertical and the largest order-book contributor. The customers are sovereign or state-owned transport agencies:

| Project / Customer | Country | Contract Value | Awarded |
|---|---|---|---|
| **Kaohsiung MRT (Yellow Line) Civil Engineering Package YC01** — Taiwan Kaohsiung Rapid Transit Corp | Taiwan | RM3.3 bn | Oct 2023 [1] |
| **MRT Cross Island Line (Phase 2), West Coast Stations & Tunnels** — Land Transport Authority (LTA) | Singapore | RM1.7 bn | Dec 2023 [1] |
| **MRT Putrajaya Line (formerly MRT2)** — MRT Corp Malaysia (turnkey contract, RM30.5 bn) | Malaysia | RM30.5 bn | Legacy |
| **Kaohsiung Port Intercontinental LNG Terminal Wharf & Connecting Roads (Bridges)** — Taiwan Int'l Ports Corp | Taiwan | NTD25.58 bn (~RM3.54 bn) | FY25 [3] |
| **Marinus Link onshore works** (via DT Infrastructure) | Australia | n/a | FY25 [2] |

### B. Hyperscale Data Centres (the fastest-growing client segment)

CLSA's June 2025 Malaysia Data-Centre channel check and Gamuda's Q3FY24 interim disclosures identify the following customers as the principal DC clients driving the Malaysian build-out:

- **Sime Darby Property Bhd** — RM1.74 bn hyperscale DC at Elmina Business Park 1A, awarded May 2024 [1].
- **AIMS Data Centres** (Time dotCom subsidiary) — first project at Cyberjaya Block 2 was delivered in 8 months vs 13 scheduled, with consecutive follow-on orders for **AIMS Phase 3 & 4** (~RM0.3 bn, Jun 2024) [1].
- Additional DC clients identified by CLSA in 2025 channel checks include Google/Pearl Energy/YTL Power-anchored hyperscale and AI-DC projects, where Gamuda's "Next Gen Digital IBS" prefabrication technology is the differentiator [1].

### C. Renewables / Clean Energy (newer "developer-builder-owner" model)

Per the FY2025 Integrated Report, Gamuda's renewables partners function as both customers (off-takers) and JV partners:

- **Gentari** (Petronas's clean-energy arm) and **SD Guthrie** — joint development of multi-gigawatt solar + BESS capacity in Malaysia to serve hyperscale and large industrial users [2].
- **Tasmanian landowners / Alternate Path** — Weasel Solar Farm + Cellars Hill Wind Farm (600 MW + 600 MW BESS, signed Jul 2025) [2].
- **Sabah State Government** — RM3.0 bn Ulu Padas Hydroelectric Dam (long-term water + energy security) [2].
- **Hitachi Rail** — Gamuda Taiwan awarded systems-works subcontracts to Hitachi Rail (here Hitachi is the systems supplier, not a customer) [3].

### D. Property Development End-Customers

The property arm (Gamuda Land) sells to retail end-buyers across Malaysia, Vietnam, Singapore, Australia and the UK. The stakeholder dashboard in the FY25 Integrated Report logs **1,023,851 customer/client engagements** during the year [6]. UK projects (75 London Wall, Press House, City Wharf, Marshgate Lane PBSA) target global corporate tenants and student-accommodation investors.

### E. Inbound Acquisitions — How DT Infrastructure (DTI) Became Gamuda's Australian Customer-Facing Arm

Downer EDI's 2024 Annual Report confirms Gamuda's 2023 acquisition: *"Downer announced it had completed the sale of its Australian Transport Projects business to DT Infrastructure Pty Ltd, a Gamuda Berhad group company (Gamuda)."* [7] This made DTI the primary vehicle through which Gamuda services Australian state transport authorities and energy customers.

---

## 2. Key Suppliers / Contractors

Gamuda's supplier base is fragmented across the construction value chain (cement, steel, formwork, M&E subcontractors, equipment leasing). The Group does **not** publicly disclose single-name material supplier concentration — instead, it manages the entire base via a centralised digital procurement framework.

### A. Procurement Platform & Governance
- **SAP Ariba** — Group-wide digital procurement system covering sourcing, contracting and supplier management across all regions. *"Our procurement processes are fully digitised through the SAP Ariba platform to streamline supply chain operations and enhance oversight."* [5]
- All suppliers must register on SAP Ariba, complete an ESG questionnaire, comply with Gamuda's COBE, AB&C Policy, Human Rights Policy, QSHE Policy, and (in Australia) the Supplier Code of Conduct (SCOC) [5].
- The FY2025 stakeholder dashboard records **11,133 supplier/contractor engagements** in the year — the second-largest external stakeholder group after community [6].

### B. Notable Subcontractors / Industrial Suppliers Identified in Filings
- **Hitachi Rail** — systems-works contractor to Gamuda Taiwan for MRT rolling-stock / signalling integration [3].
- **ERS Energy** (Gamuda's 2022-acquired solar EPCC subsidiary) — solar engineering/procurement/construction arm; ERS works with Gamuda Engineering Australia (GEA) and DT Infrastructure (DTI) on Australian renewables [2].
- **CPB Contractors** — long-running JV partner in Australian transport projects (legacy via Downer EDI Works Pty Ltd & CPB Contractors Pty Ltd JV, now flowing through DTI) [7].

### C. Financial / Banking "Suppliers"
- **Public Bank Bhd** — sustainability-linked financing for Gamuda Land (2022) [4].
- **OCBC Malaysia** — sustainability-linked loan (SLL) to the Group [4].

---

## 3. Stakeholder Engagement Framework — How Gamuda Itself Categorises Customers & Suppliers

The FY25 ESG Impact Report explicitly maps the customer/supplier relationships:

| Stakeholder Group | How They Add Value (Gamuda's own words) |
|---|---|
| **Customers/Clients** | *"Our customers drive our success, and their insights shape what we deliver. By consistently exceeding expectations, we build strong relationships and long-term value."* [6] |
| **Suppliers/Contractors** | *"Relying on suppliers and contractors to provide quality work and meet deadlines while upholding ethics and integrity"* — managed via digital procurement, supplier training, mandatory compliance clauses [4]. |

---

## 4. CLSA Sell-Side Read-Across (Jun 2025)

CLSA's June 2025 SunCon and Malaysia Strategy notes — covering Gamuda alongside peers IJM, Sunway Construction (SCGB) and Sime Darby — flag that the **Malaysian construction earnings story is increasingly customer-concentrated in data-centre and renewables EPC**, with Gamuda differentiated by (i) its in-house IBS technology shortening DC build-cycles and (ii) DTI's Australian transport footprint. Order-book replenishment risk is therefore tightly linked to a small number of hyperscale anchor tenants and Australian state transport pipelines. (CLSA — Malaysia Strategy, Data Centre Channel Check, 6-Jun-2025; SunCon — U-PF, 16-Jun-2025).

---

## 5. Summary Map

| Category | Who They Are |
|---|---|
| **Sovereign / Transit Customers** | MRT Corp (Malaysia), LTA (Singapore), Kaohsiung MRT / Taiwan Int'l Ports Corp (Taiwan), Australian state transport authorities (via DTI) [1][3] |
| **Hyperscale DC Customers** | Sime Darby Property, AIMS (Time dotCom), and other anchor tenants identified by CLSA channel checks [1] |
| **Renewables JV Partners & Customers** | Gentari, SD Guthrie, Alternate Path (Tasmania), Sabah State Govt [2] |
| **Property End-Customers** | Retail buyers + global corporate tenants (75 London Wall, PBSA London) [6] |
| **Strategic Subcontractors / Industrial Suppliers** | Hitachi Rail (systems), ERS Energy (solar EPCC, in-house), CPB Contractors (legacy JV) [3][2][7] |
| **Financial Suppliers** | Public Bank Bhd, OCBC Malaysia (sustainability-linked financing) [4] |
| **Procurement Backbone** | SAP Ariba (centralised digital platform for 11,000+ supplier engagements) [5][6] |

**Caveat on disclosure granularity**: Gamuda does not publish a customer/supplier concentration table comparable to a 10-K Item 1A — the names above are the contractually disclosed counterparties from the Annual Report, Interim Reports and CLSA channel checks. Some hyperscale DC clients remain commercially confidential and are only described as "DC players" by Gamuda IR [1].

---
**Sources**
[1] Gamuda Bhd. — Interim Report for period end 30-Apr-2024 (Q3 FY24 results: new awards table covering Kaohsiung MRT YC01, Singapore Cross Island Line Ph2, Sime Darby Elmina hyperscale DC, AIMS DC Phase 3&4)
[2] Gamuda Bhd. — Annual Report FY2025 (Integrated Report: ERS Energy, Gentari/SD Guthrie partnerships, Ulu Padas Hydro, Weasel Solar / Cellars Hill Wind Farm)
[3] Gamuda Bhd. — Annual Report FY2025 (Kaohsiung Port Intercontinental LNG Terminal contract; Hitachi Rail systems works)
[4] Gamuda Bhd. — Annual Report FY2025 (Sustainable financing: Public Bank Bhd, OCBC Malaysia SLL)
[5] Gamuda Bhd. — Annual Report FY2025 (Supply chain governance — SAP Ariba procurement platform)
[6] Gamuda Bhd. — Annual Report FY2025 (Stakeholder Engagement dashboard — 1,023,851 customer engagements; 11,133 supplier engagements)
[7] Downer EDI Limited — FY2024 Annual Report (Sale of Australian Transport Projects to DT Infrastructure, a Gamuda group company)
— Supporting context: CLSA — Malaysia Strategy (Data Centre channel check), 6-Jun-2025; CLSA — SunCon U-PF, 16-Jun-2025; CLSA — Gamuda O-PF (Earnings miss on weaker margins), 12-Dec-2024.

## Citations

- [1] **Gamuda Bhd. (5398-MY) - Interim Report for period end 30-Apr-2024 (English) - PDF** · external
- [2] **Gamuda Bhd. (5398-MY) - Annual Report for period end 31-Jul-2025 (English) - PDF - 3 / 5** · external
- [3] **Gamuda Bhd. (5398-MY) - Annual Report for period end 31-Jul-2025 (English) - PDF - 5 / 5** · external
- [4] **Gamuda Bhd. (5398-MY) - Annual Report for period end 31-Jul-2025 (English) - PDF - 3 / 5** · external
- [5] **Gamuda Bhd. (5398-MY) - Annual Report for period end 31-Jul-2025 (English) - PDF - 3 / 5** · external
- [6] **Gamuda Bhd. (5398-MY) - Annual Report for period end 31-Jul-2025 (English) - PDF - 3 / 5** · external
- [7] **Downer EDI Limited - Annual Report to shareholders (DOW-AU)** · external

