Naga is 30% owned by Gamuda, while the remaining 70% is owned by Naim Engineering Sdn Bhd, a wholly-owned subsidiary of Naim Holdings Bhd.

In a filing with Bursa Malaysia today, the construction company said the award from Recoda, a Sarawak state government agency, involves the proposed development of the Northern Coastal Highway, section 1 of the Limbang work package.

“The package covers the construction of a 14.7km four-lane dual carriageway highway in the Limbang area, including bridges, flyovers, earthworks and other associated works,” it said.

Gamuda said the project will take up to 48 months from the date of site possession.

“The project will strengthen the bilateral relationship in terms of trade and investment between Brunei and both Sarawak and Sabah. It will serve as the catalyst for socio-economic development in the northern region of Sarawak.

“It is expected to contribute positively to the revenue and earnings of Gamuda for the financial year ending July 31, 2026, onwards until the completion of the project,” it said.