Qew Group Berhad Poised For Long-Term Growth With Expansive Ventures In Mining, Telecom, Real Estate
Business Today
-June 25, 2024
Qew Group Berhad (QCB), a prominent investment outfit with presence in Kuala Lumpur, Putrajaya and London is gearedTelc for significant long-term growth in their three core business areas: consultancy and advisory services, telecommunications and real estate development.
Fitted with a household of expertise in various sectors, including mining, healthcare, and partnering services, combined with its strategic partnerships and focus on market expansion – positions the Group for diversified expansion both in business and their
investment portfolio moving forth.
For the mining segment, QGB sealed a 600-acre iron ore mining sites deal in Bukit Besi, Terengganu in July 2022, and another 100-acre contract in Seri Bandi last March 2023, enabling the QCB access to iron ore which is a vital component in various industries.
Partnering in a joint venture worth RM30 billion, QGB stands to gain a substantial 13% share, translating to significant revenue potential. Currently, QGB has a stockpile of approximately 150,000 metric tonnes (MT) of iron ore ready for processing and export, coinciding with high prices of US$135 per MT for grade 62 ore.
Looking at their telecommunications portfolio, QGB commands 0.3% share in the Malaysian market, which is well-placed to tap into the lucrative potential of RM36.8 billion market.
Under Phase 1 of their project, QGB owns 59 telco towers strategically located in Klang Valley, Sabah, and Labuan, which operates under a 10-year renewable Network Facilities Provider (NFP) license.
An additional 22 monopole structures are slated for completion by the third quarter (Q3) of 2024.
Beyond telco towers, QGB has invested RM15 million to date in developing KELNET – a fibre network operating centre in Kelantan – to strengthen network connectivity and meet the growing demand for high-speed internet access.
Turning real estate and healthcare, QGB has a stake in the 258-acre Digital Asian Halal Hub Industrial Park, Kedah a very promising project that has attracted high level investors to the table. More recently, QCB have also invested in a 6-storey holistic healthcare centre in Johor, known as Medeseri Healthcare.
Meanwhile, under the Benevolent Future strategy, QGB provides financial support to SMEs, with the approval of Bank Negara Malaysia (BNM) for factoring services.
QGB commands 0.2% of the RM90 billion Development Expenditure allocation set in the government’s Budget 2024, which empowers SME businesses to thrive, and contribute to economic growth and job creation.
“By tapping into these sectors, QGB positions itself to capture significant market share and drive long-term success. Furthermore, the company’s established strength in telecommunications and real estate development creates a well-rounded foundation for a prosperous future, ensuring positive returns for investors,” said QGB Founder and Executive Chairman Datuk Dr Muhamad Iqbal Mohamad.
Source: Business Today
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