The RM584.3 million contract to construct a logistics hub in Shah Alam was awarded by Strategic Sonata Sdn Bhd (SSSB), involving the completion of six-storey ramp-up warehouses with offices and ancillary structures to be completed within 28 months.

Meanwhile, another RM378 million contract to construct Phase 1 of a semiconductor manufacturing facility was awarded by Siliconware Precision Malaysia Sdn Bhd, it said in a statement.

Siliconware Precision is part of ASE Technology Holding Co Ltd, the world’s largest outsourced semiconductor assembly and test company.

The facility in Bandar Cassia Technology Park will include a four-storey production building with an office, a centralised utility building, a warehouse building, and a link bridge to support advanced semiconductor production.

The construction period is from May 2024 and is slated for completion by October 2025.

IJM Corp group CEO and managing director Lee Chun Fai said the rising demand in logistics, warehousing, data centres, and electrical and electronics manufacturing presents significant growth opportunities for its future.

“Our strategic focus on these developments positions us effectively to capitalise on these opportunities,” he said.

Lee said this project portfolio has strengthened IJM Construction’s order book to RM7 billion, comprising high-profile private and public sector projects in building construction and civil engineering, ensuring near-term earnings visibility.

At the close of the trading, IJM’s share price was up by 8 sen or 2.74% at RM3, giving the group a market capitalisation of RM10.94 billion.