From Left: Ho Kwee Hong, Eco World Development Group Berhad Divisional General Manager; Dato’ Chang Khim Wah, Eco World Development Group Berhad President ＆ CEO;Tuan Fong Kui Lun, Member of Parliament, Bukit Bintang; Tuan Tan Kok Wai, Special Envoy of Malaysia to The People’s Republic of China; Tan Sri Liew Kee Sin, Eco World Development Group Berhad Chairman; Tuan Lim Guan Eng, Finance Minister; Xia Jin, PowerChina Real Estate Group Limited Chairman; Li Jing, Guangdong Economic and Trade Office in Southeast Asia (KL); Geng Xiao Lin, PowerChina Real Estate Group Limited Vice President; Eason Ho, PowerChina International Group Limited Vice President, Asia Pacific; Sean Wang, PowerChina Real Estate Group Limited Deputy General Manager of Overseas Development Department and Dato S.Rajoo, Eco World Development Group Berhad Deputy President ＆ Deputy CEO.
EcoWorld Development Group Bhd (EcoWorld Malaysia) has secured two landmark deals with PowerChina Group, a wholly State-owned comprehensive construction group ranked 182 on Fortune Global 500 companies in 2018, offering solutions for the entire chain of the global energy and power, water resource and environment infrastructure, as well as real estate industries.
The first agreement is a conditional joint-venture (JV) between a Malaysian incorporated subsidiary of the PowerChina Group and Paragon Pinnacle Sdn Bhd to jointly develop 117.35 acres of industrial land dubbed Eco Business Park V, Phase 2 (EBP V Phase 2) with an estimated gross development value (GDV) of RM850mil.
Located in Puncak Alam, Shah Alam, the proposed development will complement the 518-acre Eco Business Park V which is EcoWorld Malaysia’s first business park in the Klang Valley, placed next to the group’s largest township development, Eco Grandeur.
EBP V Phase 2 will help create significant job opportunities for the people of Selangor especially those living in the North-West Klang Valley and also accelerate the urbanisation process of this emerging development corridor.
The upcoming development is the fourth business park development by EcoWorld Malaysia and the Group’s expertise in such developments received global recognition when Eco Business Park I in Iskandar Malaysia won a Gold award at the FIABCI World Prix d’Excellence 2018.
EcoWorld’s newest business park project is planned to be the largest single-project development powered by forward-thinking world-class industrial facilities and intelligent, environmentally-friendly features designed to help businesses save on energy and resources while reducing the park’s overall carbon footprint.
At the same time, it will also carry EcoWorld’s Signature One-Stop Business Solution which offers a range of three support and services that assists owners to set up their business and settle in quickly and easily.
EBP V phase 2 is easily accessible with excellent connections to major seaports and airports while being close enough to key business hubs and industries, as well as major townships and neighbourhoods.
The second deal inked was via a Memorandum of Understanding (MoU) between EcoWorld Malaysia and the infrastructure arm of the PowerChina Group, to jointly bid for infrastructure projects in Malaysia.
The said collaboration will connect and open doors for potential industries seeking to set up business and operations in Malaysia, which will not only enhance Malaysia-China bilateral ties but improve relations between the people in the two countries.
The JV also indicated the strong commitment of Chinese State-owned entities to seek quality investments and like-minded partners toward the realisation of the noble objectives of China’s Belt and Road initiative.
The signing was witnessed by Malaysia minister of finance, YB Tuan Lim Guan Eng with EcoWorld Malaysia’s chairman Tan Sri Liew Kee Sin and PowerChina Real Estate Group Limited chairman Mr Xia Jin.
(17 June 2019)