Eco World Development Sdn Bhd, a company set up by former directors and executives of S P Setia Bhd, is looking to launch projects with a gross development value (GDV) of RM30bil on 1,214ha of land.
Chief executive officer Datuk Chang Khim Wah said that at present, it was focusing on the Klang Valley, Johor and Penang.
“Up next, we would have two projects in Penang, two in the Klang Valley and four in the Iskandar region,” he told StarBiz.
On how the company managed to secure such a huge tract of land since it is a relatively new company, he attributed it to its major shareholders, Datuk Eddie Leong Kok Wah and Tan Sri Abdul Rashid Abdul Manaf, who have been in the industry for some time now.
In terms of land size, Eco World has 5.26ha in Air Itam, Penang Island; 24.28ha in Seberang Prai, Penang; 433ha in Semenyih, Selangor; 497.76ha in Tebrau, Johor; and 154.99ha in Senai, Johor.
Full Story on TheStar>>
Related posts:
Penang World City
SP Setia Investors await details of RM1b project as shares slips.
Emkay’s development of Cyberjaya enters phase 3
Datuk Shamsubahrin Ismail’s Lawyer asked to withdraw from case (NFC)
SP Setia to Transform Transportation Hub in Sabah (Aeropod Project)
Video: Datuk Seri Shahrizat Abdul Jalil to Quit Cabinet Post