Boustead Projects eyes larger overseas revenue share with Malaysia, Vietnam expansion

[SINGAPORE] Boustead Projects is aiming to derive a more stable 25 per cent to 33 per cent of its engineering and construction (E&C) revenue from overseas markets over the next five years, as it steps up expansion in Malaysia and Vietnam.

The Singapore-based industrial real estate solutions provider is also targeting S$500 million to S$700 million in new construction orders annually.

Overseas markets currently contribute between 10 per cent and 30 per cent of its E&C revenue. The company hopes to achieve a more consistent overseas contribution of 25 per cent to 33 per cent over a larger revenue base.