UEM Edgenta to gradually move away from concession-based biz

UEM Edgenta managing director/chief executive officer Syahrunizam Samsudin

KUALA LUMPUR: UEM Edgenta Bhd will gradually move away from its concession-based business model to move into commercial businesses that will bring longer-term returns and enable the firm to further compete in international markets.

Managing director and chief executive officer, Syahrunizam Samsudin said the company has embarked on a transformation strategy, namely the Edgenta of the Future 2025 (EoTF25), which features a fundamental shift towards a highly sustainable and future-proof business model.