From left: Eco World Development Group Bhd president & CEO Datuk Chang Khim Wah, Investment, Trade and Industry Deputy Minister Liew Chin Tiong, Eco World executive chairman Tan Sri Liew Kee Sin and Eco World deputy CEO Liew Tian Xiong.
KUALA LUMPUR: Eco World Development Group Bhd
(EcoWorld Malaysia) has unveiled a new industrial revenue pillar dubbed Quantum, aimed at targeting digital and high-tech ventures.
“We are tremendously excited to be introducing Quantum, the group’s 5th revenue pillar, to the market. As a property developer, our goal has always been 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 we are catering to,” president and CEO Datuk Chang Khim Wah said in a statement.
He said that their measured and methodical approach to brand building has been successful in growing their Eco Business Parks industrial pillar, which achieved a 68% four-year compounded annual growth rate (CAGR) in sales from 2020 to 2023.
Deputy CEO Liew Tian Xiong said Quantum represents the discrete unit of any physical property, such as energy or matter.
“It signifies precision, fundamental building blocks, and transformative leaps in understanding and technology. This is how we envision our new Quantum revenue pillar, which 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 we are seeing in the world today,” he said.
“To signify our commitment to grow this pillar, Eco Business Park VI at Kulai, Iskandar Malaysia, will be renamed Quantum, representing our first 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,” Liew continued.
This is pursuant to the agreement entered into on June 7, 2024 between EcoWorld Malaysia and Microsoft Payments (M) Sdn Bhd for the sale of 123.14 acres of land located within the Quantum business park for RM402.3mil, announced previously.
