EcoWorld outlines ambitious plans

Eco World Development Group Bhd (EcoWorld Bhd), formerly Focal Aims Holdings Bhd, has proposed a RM1.7bil corporate exercise to pave the way for it to be a “formidable” property developer with a presence in the Klang Valley, Penang and Johor, with a sales target of RM5bil for this year and next.

The exercise will also result in the upstart enlarging its land bank from 1,326 to 4,433 acres and its gross development value (GDV) ballooning from RM13.5bil to RM43.5bil. It will also acquire a development team with proven expertise and capabilities, namely Eco World Project Management Sdn Bhd, and Eco Macalister Development Sdn Bhd which owns an investment property asset in Penang.