KUALA LUMPUR: Eco World Development Group Berhad (EcoWorld Malaysia) has unveiled QUANTUM, the group's new industrial revenue pillar for growth.
The group's deputy chief executive officer (CE0) Liew Tian Xiong said that QUANTUM is designed for market leaders to accelerate the growth of a digital and high-tech ecosystem that will propel EcoWorld Malaysia forward to stay competitive amidst the rapid technological changes globally.
He said that to signify the group's commitment to grow this pillar, Eco Business Park VI at Kulai, Iskandar Malaysia in Johor, will be renamed QUANTUM, representing its business park under this new pillar.
Measuring 403.78 acres in total, it will be one of the largest digital and high-tech hubs by a private developer in Malaysia.
"QUANTUM is off to a great start, with Microsoft as our first anchor customer," he said in a statement.
Liew said that EcoWorld Malaysia's land banking efforts will also focus on the acquisition of suitable new sites for QUANTUM developments.
This will be in addition to the group's plans to expand its existing revenue pillars – Eco Townships, Eco Rise, Eco Hubs, and Eco Business Parks.
"With a low net gearing of only 0.24 times as of April 30, 2024, and substantial cash coming in from the recent industrial land sale to Microsoft and other upcoming sales in the pipeline, the group is very well positioned to take advantage of any suitable opportunity that may arise to grow our business strongly going forward," said Liew.
EcoWorld Malaysia president and CEO Datuk Chang Khim Wah said that as a property developer, the goal is to deliver projects and products that are well conceptualised, innovatively designed, and meticulously crafted to meet the specific needs and aspirations of the market segment it caters to.
He said that the measured and methodical approach towards brand building has served the group well in growing its Eco Business Parks industrial pillar, which achieved 68 per cent four year compounded annual growth rate in sales from 2020-2023.
"Beginning with off-plan sales of detached, semi-detached, and cluster factories, offering 4-in-1 flexible designs that could be used as showroom, office, warehousing, and production facilities, we were able to meet the needs of more than 1,400 industrialists operating in the SME space.
"From there, we expanded to the sale of industrial lands and built-to-suit facilities to serve larger local as well as international clientele.
"The strong governmental and business networks we successfully built over the years, combined with our execution capabilities in delivering modern industrial facilities within a well-secured, clean, and green environment with excellent infrastructure and amenities, brought our Eco Business Parks to the attention of global market leaders operating in the high-tech and digital arena.
"Our recent customers include the renowned Haitian Group from China and global tech giant Microsoft, who chose EcoWorld Malaysia when they were looking to expand their operations into Malaysia.
"Such sustained demand from an increasingly large pool of high-tech and digital clients inspired us to conceptualise QUANTUM to further broaden and deepen our share of the industrial market targeting these digital and high-tech players, which we are unveiling today," Chang said.