Gamuda, Sime Darby expand into Australia's infrastructure and energy boom

Malaysian companies are increasingly tapping multibillion-ringgit opportunities in Australia across infrastructure, renewable energy, mining and property, according to CIMB Securities. Gamuda has over a third of its RM61.6 billion order book tied to Australian construction jobs, while Sime Darby's industrial arm is eyeing spending linked to the 2032 Brisbane Olympics and Sydney Metro. The analysts say Australia's migration trends and business environment make it a key growth market for Malaysian corporates.