Eco World Development Group Berhad has unveiled its ambitous plan to enter into industrial and Data Centre development with the unveiling of Quantum.

The industrial pillar of the group reflects on its Eco Business Parks industrial pillar which achieved an exponential 68% 4-year compounded annual growth rate in sales from 2020-2023. Beginning with off-plan sales of detached, semidetached and cluster factories, offering 4-in-1 flexible designs that could be used as showroom, office, warehousing and production facilities, we were able to meet the needs of more than 1,400 industrialists operating in the SME space.

With this group said the Eco Business Park VI at Kulai, Iskandar Malaysia, will be renamed QUANTUM, representing its 1st 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. EcoWorld said Microsoft is the  first anchor customer, pursuant to the agreement entered into on 7 June 2024 between EcoWorld Malaysia and Microsoft Payments (Malaysia) Sdn Bhd for the sale of 123.14 acres of land located within the QUANTUM business park for RM402.3 million.

"Accordingly, our land banking efforts will also focus on the acquisition of suitable new sites for QUANTUM developments. This will be in addition to our plans to expand our existing revenue pillars – Eco Townships, Eco Rise, Eco Hubs and Eco Business Parks. With a low net gearing of only 0.24 times as at 30 April 2024 and substantial cash coming in from the recent industrial land sale to Microsoft and other upcoming sales in the pipeline, the Group is very well positioned to take advantage of any suitable opportunity that may arise to grow our business strongly going forward," said Liew Tian Xiong, Deputy CEO.