Categories: Business NewsCompanyDevelopmentProperty and Construction

Haily Group Secures Major Contracts, Drives Strong Growth Momentum

Malaysia’s Haily Group Bhd (HGB) is confident about its growth prospects as it continues to secure contracts and expand its footprint in Johor’s property development sector. With a robust order book of 26 ongoing projects valued at RM857.93 million, HGB is well-positioned to capitalize on the state’s economic growth and infrastructure developments. Strategic initiatives such as the Johor-Singapore Special Economic Zone (JS-SEZ) and the Johor Bahru-Singapore Rapid Transit System (RTS) are expected to boost demand for residential and commercial properties, presenting significant opportunities for the company.

Haily Group

“We are very optimistic about the future, particularly with the strategic initiatives unfolding in Johor, such as the JS-SEZ and the upcoming completion of the Johor Bahru-Singapore Rapid Transit System (RTS),” said HGB founder and executive director See Tin Hai. HGB also hopes that the upcoming Budget 2025 will introduce initiatives to support affordable housing and development projects, aligning with the government’s efforts to foster economic growth and stability in the sector.

The Malaysian construction sector is projected to grow by 6.7% in 2024, supported by large infrastructure projects under national frameworks, including Budget 2024 and the New Industrial Master Plan 2030. In 2024, HGB secured 13 contracts worth RM462.31 million, surpassing the RM272.14 million secured in 2023. This strong performance underscores HGB’s reputation as a key player in Johor’s construction industry and solidifies its foundation for future success.