Eco World Development Group Bhd (EcoWorld Malaysia) has officially launched a new industrial revenue pillar named QUANTUM, marking a significant expansion of the company’s business strategy. This initiative represents EcoWorld Malaysia’s fifth overall pillar of revenue and is designed to align with Malaysia’s goals of becoming a leader in the digital industry.
QUANTUM: Pioneering Digital and High-Tech Developments
QUANTUM is set to focus on digital and high-tech developments, including the establishment of data centres, which are pivotal to supporting Malaysia’s broader economic transformation. This strategic move aims to position EcoWorld Malaysia at the forefront of the country’s digital and technological growth.
To inaugurate this new industrial pillar, Eco Business Park VI in Kulai, Iskandar, Johor, will be rebranded as QUANTUM Edge. This site will serve as EcoWorld Malaysia’s first business park under the QUANTUM brand.
“Measuring 403.78 acres in total, QUANTUM Edge will be one of the largest digital and high-tech hubs developed by a private entity in Malaysia. The business parks under the QUANTUM brand will provide a clean, green environment equipped with robust infrastructure and connectivity,” said EcoWorld Malaysia deputy CEO Liew Tian Xiong.
Microsoft: The First Anchor Tenant at QUANTUM Edge
In a significant boost to QUANTUM’s launch, Microsoft has been confirmed as the first anchor tenant at QUANTUM Edge. Earlier this year, EcoWorld Malaysia announced the sale of 123.14 acres of land to Microsoft Payments (Malaysia) Sdn Bhd for RM402.3 million. This partnership with Microsoft underscores the business park’s potential as a hub for digital and high-tech companies.
“QUANTUM is essentially our business parks redefined and redesigned to attract transformative players in research and technology, thereby helping to elevate Malaysia’s global standing,” said Liew Tian Xiong.
EcoWorld Malaysia’s Industrial Property Success
The QUANTUM initiative builds upon EcoWorld Malaysia’s successful track record in industrial property development. The company’s Eco Business Parks have achieved a compound annual growth rate (CAGR) of 68% in sales between 2020 and 2023, making it a leader in the sector.
“The strong networks and execution capabilities we have developed over the years have made Eco Business Parks attractive to global leaders in the high-tech and digital arena,” said EcoWorld Malaysia president and CEO Datuk Chang Khim Wah.
Chang added that the launch of QUANTUM reflects the company’s commitment to contributing to the evolution of Malaysia’s industry, in line with the federal agenda to boost the nation’s digital and technological sectors.
Future Prospects and Strategic Growth
EcoWorld Malaysia hinted at securing another high-profile client for its QUANTUM business park, though details were not disclosed during the launch event.
“We have put in place long-term plans to ensure the necessary supply of energy and infrastructure for the growth of Malaysia’s digital and technological industry,” said Chang Khim Wah.
The launch event, held at ZEPP Kuala Lumpur in Bukit Bintang City Centre, was officiated by the deputy minister of International Trade and Industry, Liew Chin Tong. The event marked a pivotal moment for EcoWorld Malaysia as it embarks on a new chapter of industrial development with QUANTUM, aiming to play a crucial role in Malaysia’s economic future.
Conclusion
EcoWorld Malaysia’s introduction of the QUANTUM industrial pillar signifies a bold step towards aligning with Malaysia’s digital economy ambitions. By focusing on high-tech developments and digital infrastructure, the company is poised to contribute significantly to the nation’s economic transformation, setting new benchmarks in the industrial property sector. With Microsoft as the first anchor tenant and plans for further expansion, QUANTUM is set to be a key driver of EcoWorld Malaysia’s growth and innovation in the years to come.
