WCT Group was first established with the incorporation of WCT Earthworks & Building Contractors Sdn Bhd on 14 January 1981 and subsequently changed its name to WCT Berhad (“WCTB”). WCTB was listed on the Main Market of Bursa Securities and was one of the FBM100 Component Stocks before the WCT Group undertook an internal reorganisation in year 2013. Following the successful internal reorganisation of WCT Group on 8 July 2013, WCTB had transferred its listing status on the Main Market of Bursa Securities to WCT Holdings Berhad (“WCTH”) (Company No. 930464-M). Consequently, the WCT Group’s various business operations have now come under WCTH.
On 8 March 2015, WCT’s 70:30 Joint Venture with Al-Ali Projects Co (W.L.L.) clinched a RM 1.3 billion contract from Lusail Real Estate Development Company for Lusail Development Project in Doha, Qatar.
Lusail Development is located in Lusail City. It is a 38 square kilometre master-planned urban development that will feature residential developments, entertainment and commercial districts including a world-class stadium which is slated to host the 2022 FIFA World Cup. The scope of works for the project includes construction of CP07-C-1B: Commercial Boulevard with Road D3, Road A4, Internal Roads, Utilities, 5 nos of small size LRT station and 4 nos of 2 Storey Underground Car Parks.
The works are expected to be completed in the second quarter of 2017.
WCTH is an investment holding company with an investment in two main subsidiaries, WCTB and WCT Land Sdn Bhd which are primarily involved in engineering and construction, property development and investment & management activities.
Engineering and Construction Division – the principal activities of the division are engineering works specialising in earthworks, construction of highways, building and related infrastructure works and provision of management services.
Property Development and Investment & Management Division - the division is mainly engaged in the development of residential properties, integrated townships and commercial properties. It is also engaged in the ownership and management of hotels, shopping malls and concession assets.