PETALING JAYA (July 7, 2026): WCT Holdings Bhd has strengthened its presence in the Middle East after securing a major residential construction contract in Abu Dhabi worth 836 million dirham (approximately RM926.2 million) through its joint venture in the United Arab Emirates (UAE).

According to a Bursa Malaysia filing, WCT's wholly-owned subsidiary, WCT International Sdn Bhd (WCTISB), together with UAE-based Construction General Contracting House Ltd (CGCH), has accepted a letter of award for the Yas Riva Residences Works Package on Yas Island, Abu Dhabi.

Major residential development on Yas Island

The project is being developed by Aldar Development LLC – O.P.C., one of Abu Dhabi's leading property developers. Under the contract, the 50:50 unincorporated joint venture between WCTISB and CGCH will undertake the construction and completion of six residential buildings.

Each residential tower will consist of 11 storeys, with all six buildings sharing a common basement. The development will be located on Plots C54 and C55 within Yas Island, one of Abu Dhabi's flagship mixed-use and lifestyle destinations.

Incorporated joint venture to execute project

Following the contract award, both partners will establish an incorporated 50:50 joint venture company, either directly or through their respective wholly-owned subsidiaries, to execute and manage the construction works.

This structure will provide a dedicated project vehicle to oversee delivery of the development.

Construction timeline

Construction is expected to commence in the third quarter (3Q) of 2026.

The contract carries a construction period of 1,218 days from the commencement date, indicating a project duration of approximately three years and four months before completion.

Corporate governance

WCT confirmed that none of its directors, major shareholders or persons connected to them has any direct or indirect interest in the sub-contract, ensuring that the transaction is conducted on an arm's length basis.

Key Takeaways

WCT Holdings has secured an international construction contract worth RM926.2 million, strengthening its overseas order book.

The project will be undertaken through a 50:50 joint venture with UAE-based Construction General Contracting House Ltd.

The development consists of six 11-storey residential buildings with a shared basement on Yas Island, Abu Dhabi.

Property developer Aldar Development continues to drive large-scale residential projects in one of the UAE's fastest-growing lifestyle destinations.

Construction is scheduled to begin in 3Q2026 and will take approximately 1,218 days to complete.

Establishing an incorporated joint venture demonstrates a long-term partnership approach and dedicated project management structure.

The contract further enhances WCT's international construction portfolio and diversifies its revenue beyond the Malaysian market.