GDB Holdings

What GDB Holdings does

GDB Holdings Berhad is a Malaysian main-contractor construction services group incorporated in 2013 and listed on Bursa Malaysia (Main Market since 24 April 2020, ticker GDB; Bloomberg GDB:MK, Reuters GDBH.KL). It operates primarily through its wholly-owned subsidiary Grand Dynamic Builders Sdn Bhd, with a 70%-owned piling and foundation engineering arm (GDB Geotechnics, formerly Eco Geotechnics acquired in July 2019) and newer vehicle entities GDB Infra, GDB Development, and GDB Resources. Headquartered in Shah Alam with 51-100 employees, the company holds the CIDB Grade G7 license — the highest in Malaysia — together with ISO 9001, ISO 14001, and ISO 45001 certifications, enabling it to bid on civil engineering, building, and mechanical works of unlimited contract value.

The company's core offering is end-to-end main-contractor delivery — design, construction, testing, and commissioning — for residential, commercial, healthcare, hospitality, logistics/industrial, and civil infrastructure projects. Notable executed and in-flight projects include Park Regent (RM517M), KL International Hospital (RM306M), Logistics Hub Plot B and Metrohub 4 (LEED Gold target, total build-up area >150,000 sqm), Hyatt Centric Kota Kinabalu (RM213.3M, first East Malaysia foray), Autohaus Setia Alam (RM67.9M), and ongoing East Malaysia road and water treatment works in Sarawak. Underlying technologies include BIM for process and collaboration streamlining and IBS for pre-fabricated, standardised construction, supported by QESH teams, 5S safety procedures, face-detection access control, and CCTV monitoring. GDB reports consistent SHASSIC 5-star ratings (90-98%) and QLASSIC scores (78-86%) across its portfolio.

GDB generates revenue on multi-year, project-based main-contractor contracts awarded via competitive tender or direct appointment by developers and government-linked entities, with contract sums typically ranging from RM67M to RM865M. Reported revenue reached RM439.39 million in FY2025 with 1H FY2025 net profit of RM41.54 million (versus RM6.18 million in the prior comparable period). As of June 2025, the order book stood at RM990 million with a tender pipeline of RM3.1 billion as of March 2026. The go-to-market is enterprise field sales driven by benchmarked safety and quality credentials, track record of early completion, and reputation among Malaysian developers and government counterparts, with the business visibly pivoting from high-rise residential toward logistics, healthcare, and East Malaysia civil infrastructure.

Name

GDB Holdings

Legal name

GDB Holdings Berhad

Website

https://gdbhb.com.my

Company type

Public

Founded year

2013

Operating status

Operating

Headcount range

51–100 employees

Short description

GDB Holdings Berhad is a Malaysian main contractor that designs and builds residential, commercial, healthcare, hospitality, logistics, and civil infrastructure projects. Operating since 2013 and listed on Bursa Malaysia's Main Market, the company holds the highest CIDB G7 license and serves prominent developers and government entities across Malaysia.

Ownership category

akta.pro rank

Product category

Construction Services

NAICS

Other Heavy and Civil Engineering Construction (237990)

SIC

General Bldg Contractors - Nonresidential Bldgs (1540), Heavy Construction Other Than Bldg Const - Contractors (1600)

akta.pro primary industry

Commercial General Contracting (New Build) (IMAFAAAA)

akta.pro secondary industry

Self-Performing General Contractors (IMAFAAAI)

Keywords

• Building construction services
• Main contracting
• Civil engineering works
• Industrial building systems
• Infrastructure construction

Headquarters

HQ city

Shah Alam

HQ country

Malaysia

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Technology or R&D, Others

Revenue model

1. Construction Services - Main Contractor: GDB Holdings generates revenue as the main contractor for construction projects, undertaking design, construction, testing, and commissioning of buildings. Revenue is recognized based on project progress with contract sums typically ranging from RM67 million to RM865 million per project.
2. Infrastructure and Civil Engineering: Revenue from large-scale infrastructure projects including road construction, water treatment plants, and logistics hubs, particularly in East Malaysia. Strategic shift from high-rise residential construction to logistics and infrastructure development.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

GDB Holdings Berhad is a CIDB G7-graded main contractor in Malaysia providing full-spectrum building and construction services. Its core work spans residential, commercial, healthcare, hospitality, industrial/logistics, and infrastructure projects delivered on a contract basis. The firm leverages Building Information Modeling (BIM) and Industrialized Building Systems (IBS) for design coordination and prefabricated component construction across its diversified project portfolio.

Product overview

GDB Holdings Berhad operates as a construction services company offering main contractor services for building construction projects in Malaysia. The company provides construction services through its wholly-owned subsidiary Grand Dynamic Builders Sdn Bhd, which undertakes civil engineering, building construction, and mechanical works. The portfolio spans residential (luxury condominiums like One Central Park, AIRA Residence, Park Regent, Westside III), commercial (Etiqa Office Tower, Menara Hap Seng 3), healthcare (KL International Hospital, Dementia Care Centre), hospitality (Hyatt Centric Kota Kinabalu), industrial/logistics (SDPLOG 1, Logistics Hub Plot B, Metrohub 4), and infrastructure projects (roads and water treatment plants in Sarawak). The company holds CIDB G7 license as its highest grading and maintains certifications including ISO 9001, ISO 14001, and ISO 45001.

Differentiator

Problem solved

Functional benefit

Brands

• Grand Dynamic Builders: Operating brand for construction services subsidiary
• GDB Geotechnics

Products and services

• Residential Building Construction

Quantifiable outcome

• Projects consistently completed ahead of schedule - SDPLOG 1 delivered 31 days early, Westside III 61 days early, One Central Park 107 days early
• +3 more outcomes

Named customers9 records

Segments4 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Nine partnerships are on record, tiered core and flagship.

• Pembinaan JBS Sdn BhdcoreStrategic or Co-development Partner · 1 March 2026Awarded contract for construction of Song Water Treatment Plant in Kapit Division, Sarawak. Q1 2026 to Q1 2029 project valued at approximately RM115-116 million. Part of East Malaysia infrastructure development strategy.
• Bina Muhibbah Permajaya Construction Sdn BhdcoreStrategic or Co-development Partner · 28 January 2026Multiple infrastructure contracts including construction of new single carriageway road across Kuching and Samarahan divisions (RM121.4 million, 28 January 2026 - 12 July 2027) and road development works in Simunjan and Samarahan districts (29 January 2026 - 28 September 2028). Strategic expansion into East Malaysia infrastructure.
• SDPLOG 1 (Industrial Asset III) Sdn BhdcoreStrategic or Co-development Partner · 23 December 2024Design and build contract for 2-storey Logistic Warehouse at Kawasan Perindustrian Bandar Bukit Raja 2, Klang. Total build-up area 153,120 square meters featuring loading bays, dock levellers, and roller shutters. Sustainable building practices targeting LEED Gold Certification with rainwater harvesting, solar panels, and green materials.
• Strategic Sonata Sdn BhdcoreStrategic or Co-development Partner · 20 June 2024Awarded second and biggest logistic hub construction contract (Logistics Hub Plot B) as main contractor at Seksyen 15 Shah Alam. Project involves designing, constructing, and maintaining a 5-storey ramp-up warehouse with offices and amenities. Commenced 20 June 2024, scheduled completion 19 December 2026.
• KL International Hospital Sdn Bhd (KL Wellness City)flagshipStrategic or Co-development Partner · 16 March 2024First hospital contract for state-of-the-art private hospital at Bukit Jalil, Kuala Lumpur. RM306 million contract for KL Wellness City featuring Centres of Excellence in cardiology, spine health, neuro health, sports medicine, cosmetic surgery, and fertility. Commenced 16 March 2024, scheduled completion 15 August 2026. SHASSIC 5-star (94.67%) achieved.
• Sunhill Ventures Sdn BhdflagshipStrategic or Co-development Partner · 7 November 2019GDB's first East Malaysia contract - Hyatt Centric Kota Kinabalu 22-storey 5-star hotel. RM213.3 million contract on Jalan Haji Saman, Kota Kinabalu. Main building works completed 30 August 2022 (8 days ahead of schedule). Received SHASSIC 5-star (98%) and BuildQAS (84.3%) certifications.
• Joint venture between ParkCity Property Holdings and CapitaLand MalaysiaflagshipStrategic or Co-development Partner · 25 September 2019GDB Holdings appointed as main contractor for Park Regent residential development in Desa ParkCity, Kuala Lumpur. The joint venture entity between ParkCity Property Holdings and CapitaLand Malaysia awarded a RM517 million contract for 505 residential units across two towers with 5-level podium and car park facilities. Project completed 4 days ahead of schedule in October 2023.
• Eco Geotechnics Sdn BhdcoreStrategic or Co-development Partner · 23 July 2019GDB Holdings acquired 70% controlling stake for RM5.964 million to add bored piling and foundation works capabilities. Eco Geotechnics specializes in geotechnical and foundation engineering with past projects including Tropicana Garden, Sunway Velocity, MRT Line 1, and LRT 2. First deep basement project completed in Melaka.
• TRCSB (Trans Resources Corporation Sdn Bhd)coreStrategic or Co-development Partner · 27 March 2019GDB subsidiary Grand Dynamic Builders appointed as principal works contractor for Perla Ara Sentral mixed development at Ara Damansara. RM135 million contract for two 18-storey serviced apartments (648 units) with 7-storey parking podium. Completed 30 September 2022 (13 days ahead of schedule).

Scale indicators15 records

Recent moves8 records

Expansion highlights5 records

Others

• Sime Darby Property Berhad: Major Malaysian property developer that is a key client of GDB (e.g., SDPLOG 1, Special Recognition 2024). Included as a customer-side peer to convey the developer-contractor relationship rather than as a direct competitor.

Broad incumbents

• Gamuda Berhad: Malaysia's largest G7-grade construction and infrastructure group, active in civil engineering, building, tunneling, and property development. Directly comparable as a Malaysian main contractor competing for the same mega-project tenders, though at materially larger scale and broader geographic reach.
• IJM Corporation Berhad: Diversified Malaysian construction and property group with industry, construction, and property divisions. Directly comparable in building construction and infrastructure tenders, with a broader portfolio spanning plantations and industry.

Direct peers

• Muhibbah Engineering (M) Bhd: Malaysian G7 contractor active in civil engineering, building, and infrastructure including airports, ports, and bridges. Comparable for the Sarawak infrastructure and East Malaysia expansion segments.
• WCT Holdings Berhad: Established Malaysian G7 contractor with overlapping segments in commercial buildings, logistics, and civil infrastructure. Competes for the same mega-tenders and operates similar design-and-build services.
• Sunway Construction Group Berhad: Listed Malaysian main contractor with a comparable G7-grade building and infrastructure portfolio, including logistics, healthcare, and high-rise residential. Closest peer in terms of project mix and customer profile (major developers and asset owners in Klang Valley).
• Kimlun Corporation Berhad: Public-listed Malaysian construction and infrastructure company with G7-grade classification, engaged in building, civil engineering, and tunnel works. Comparable mid-cap competitor for building and infrastructure tenders.
• Econpile Holdings Berhad: Malaysian contractor specializing in piling, foundation, and civil engineering works. Relevant comparison given GDB's Eco Geotechnics acquisition extending into bored piling and foundation services.

Emerging players

• Pilecon Engineering Berhad: Malaysian specialist in piling, foundation, and civil engineering works. Comparable to GDB's Eco Geotechnics vertical-integration play into foundation engineering.
• HSS Engineers Berhad: Malaysian engineering services and project management firm active in infrastructure and building projects. Partial overlap as a local player supporting construction execution, though HSS is more services-led than main-contractor-led.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/grand-dynamic-builders-sdn.-bhd.

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about GDB Holdings