“EcoWorld Malaysia introduces QUANTUM, its fifth revenue pillar, focusing on digital and high-tech initiatives to support Malaysia’s economic transformation and industry leadership.”
Kuala Lumpur, 2nd Aug 2024, 14.59pm – Eco World Development Group Bhd (EcoWorld Malaysia) has introduced a new industrial revenue stream called QUANTUM, marking the group’s fifth revenue pillar.
QUANTUM will emphasize digital and high-tech initiatives, including data centers, to bolster Malaysia’s economic transformation and growth as a digital industry leader.
The initiative will start with the renaming of Eco Business Park VI in Kulai, Iskandar, Johor, to QUANTUM Edge, making it EcoWorld Malaysia’s first business park under this new pillar.
“Covering 403.78 acres, this will be one of Malaysia’s largest digital and high-tech hubs developed by a private company. QUANTUM business parks will provide a conducive, clean, and green environment with strong infrastructure and connectivity.
“These enhancements to our established industrial park portfolio will attract data centers and other operators in the data, digital, and high-tech manufacturing value chains. This group of industrialists and service providers will be the primary target customers for our first QUANTUM business park and future QUANTUM projects,” said EcoWorld Malaysia deputy CEO Liew Tian Xiong.
Microsoft will be the first anchor tenant of the QUANTUM business park, following the sale of 123.14 acres of land to Microsoft Payments (Malaysia) Sdn Bhd for RM402.3 million, as announced earlier this year.”
“QUANTUM represents our redefined and redesigned business parks, aimed at attracting transformative players in research and technology to elevate Malaysia’s status,” said Tian Xiong.
This new revenue pillar aims to build on EcoWorld Malaysia’s success in the industrial property development sector. Their Eco Business Parks achieved a 68% compound annual growth rate (CAGR) in sales from 2020 to 2023.
“Our strong networks and ability to deliver modern industrial facilities with excellent infrastructure and amenities have made Eco Business Parks attractive to global market leaders in the high-tech and digital sectors,” said EcoWorld Malaysia president and CEO Datuk Chang Khim Wah.
“The sustained demand from a growing pool of clients has motivated us to further expand our presence in the industrial market, specifically targeting digital and high-tech players,” Chang added.
Chang also highlighted EcoWorld Malaysia’s ambition to contribute to the evolution of Malaysia’s industry as a key inspiration behind launching QUANTUM.
“We have aligned our plans with the federal agenda to ensure the necessary energy supply and infrastructure will support the growth of Malaysia’s digital and technological industry,” he said.
EcoWorld Malaysia also hinted at securing another major client for its QUANTUM business park but did not disclose the name.
The launch event, held at ZEPP Kuala Lumpur, Bukit Bintang City Centre, was officiated by Deputy Minister of International Trade and Industry Liew Chin Tong.
