WCT, UAE Firm's JV Wins 836 Million Dirham Residential Development Project

MT Newswires Live

Jul 07

WCT's (KLSE:WCT) 50:50 joint venture with UAE-based Construction General Contracting House has secured a subcontract worth 836 million dirham, or about 926.2 million ringgit, for a residential development project in Abu Dhabi, according to a Monday Malaysian bourse filing.

Shares gained over 1% in Tuesday's afternoon trade.

The project involves the construction of six 11-storey residential buildings with a common basement for Aldar Development LLC - O.P.C.'s Yas Riva Residences development.

The subcontract is expected to commence in the third quarter of 2026 and be completed within 1,218 days.

Following the award, WCT International, and CGCH will establish a 50:50 incorporated joint venture company to undertake and execute the subcontract works.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.etasphere.com/news/2649660982"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2649660982\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2649660982?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-07 12:51","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2649660982","market":"sg","top_or_hot":-1,"title":"WCT, UAE Firm's JV Wins 836 Million Dirham Residential Development Project","media":"MT Newswires Live","content":"<html><body><p> WCT's (KLSE:WCT) 50:50 joint venture with UAE-based Construction General Contracting House has secured a subcontract worth 836 million dirham, or about 926.2 million ringgit, for a residential development project in Abu Dhabi, according to a Monday Malaysian bourse filing.</p><p>Shares gained over 1% in Tuesday's afternoon trade.</p><p>The project involves the construction of six 11-storey residential buildings with a common basement for Aldar Development LLC - O.P.C.'s Yas Riva Residences development.</p><p>The subcontract is expected to commence in the third quarter of 2026 and be completed within 1,218 days.</p><p>Following the award, WCT International, and CGCH will establish a 50:50 incorporated joint venture company to undertake and execute the subcontract works.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>WCT, UAE Firm's JV Wins 836 Million Dirham Residential Development Project</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWCT, UAE Firm's JV Wins 836 Million Dirham Residential Development Project\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-07-07 12:51</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> WCT's (KLSE:WCT) 50:50 joint venture with UAE-based Construction General Contracting House has secured a subcontract worth 836 million dirham, or about 926.2 million ringgit, for a residential development project in Abu Dhabi, according to a Monday Malaysian bourse filing.</p><p>Shares gained over 1% in Tuesday's afternoon trade.</p><p>The project involves the construction of six 11-storey residential buildings with a common basement for Aldar Development LLC - O.P.C.'s Yas Riva Residences development.</p><p>The subcontract is expected to commence in the third quarter of 2026 and be completed within 1,218 days.</p><p>Following the award, WCT International, and CGCH will establish a 50:50 incorporated joint venture company to undertake and execute the subcontract works.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4608","symbol_name":"AI应用概念股","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2649660982","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2649660982","pubTimestamp":1783399907,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"WCT's  50:50 joint venture with UAE-based Construction General Contracting House has secured a subcontract worth 836 million dirham, or about 926.2 million ringgit, for a residential development project in Abu Dhabi, according to a Monday Malaysian bourse filing.Shares gained over 1% in Tuesday's afternoon trade.The project involves the construction of six 11-storey residential buildings with a common basement for Aldar Development LLC - O.P.C.'s Yas Riva Residences development.The subcontract is expected to commence in the third quarter of 2026 and be completed within 1,218 days.Following the award, WCT International, and CGCH will establish a 50:50 incorporated joint venture company to undertake and execute the subcontract works.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4608":"AI应用概念股","UAE":"iShares MSCI UAE ETF","WCT":"Wellchange Holdings","BK4023":"应用软件"},"translate_title":"WCT与阿联酋公司合资公司赢得8.36亿迪拉姆住宅开发项目","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UAE":1.5,"WCT":1.5},"content_text":"WCT's (KLSE:WCT) 50:50 joint venture with UAE-based Construction General Contracting House has secured a subcontract worth 836 million dirham, or about 926.2 million ringgit, for a residential development project in Abu Dhabi, according to a Monday Malaysian bourse filing.Shares gained over 1% in Tuesday's afternoon trade.The project involves the construction of six 11-storey residential buildings with a common basement for Aldar Development LLC - O.P.C.'s Yas Riva Residences development.The subcontract is expected to commence in the third quarter of 2026 and be completed within 1,218 days.Following the award, WCT International, and CGCH will establish a 50:50 incorporated joint venture company to undertake and execute the subcontract works.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}