UEM EDGENTA STRENGTHENS PRESENCE IN THE KINGDOM OF SAUDI ARABIA (KSA) VIA PARTNERSHIP WITH MOHAMMED I. ALSUBEAEI & SONS INVESTMENT COMPANY (MASIC)
KUALA LUMPUR, 30 September – UEM Edgenta Berhad (“UEM Edgenta” or the “Company”), the region’s leading Asset Management and Infrastructure Solutions company, announced today that its wholly-owned subsidiary, Edgenta Arabia Limited (“EAL”) has entered into a Share Purchase Agreement (“SPA”) with MASIC for the investment of a 60% equity stake and provision of growth capital in MEEM for Facilities Management Company (“MEEM”).
Established in 2017, MEEM is a homegrown facilities management (“FM”) company founded by MASIC, a leading Saudi investment company in KSA with investments spanning across financial services, real estate, and public and private equity. MEEM’s FM capabilities include the provision of hard and soft FM services, specialized and support services to commercial, industrial, education and residential properties in Kingdom of Saudi Arabia (“KSA”), with a workforce of more than 150 employees.
“The investment of a 60% stake in MEEM came at an opportune time as the Company solidifies its footprint in KSA as the new growth market. MEEM is the first of the many collaboration and partnership opportunities between UEM Edgenta and MASIC, with a focus on Integrated Facilities Management (“IFM”) and Healthcare projects where UEM Edgenta’s strong credentials can be deployed across the local KSA market,” said Syahrunizam Samsudin, Managing Director/Chief Executive Officer of UEM Edgenta. MASIC’s CEO, Hani Halawani, stated: “MASIC is pleased to partner with UEM Edgenta Berhad in the promising Saudi facility management industry. We look forward to expanding MEEM’s capabilities in KSA by leveraging on UEM Edgenta’s technology solutions in digital platforms and energy management programs, and are confident that this partnership will take MEEM to a new level in its development journey”.
Anchored by Saudi Arabia’s Vision 2030, the KSA’s facility management market is expected to grow by a CAGR of 6.2% to USD35 billion by 2028, accounting for c.50% of spend in Gulf Cooperation Council (“GCC”) region. Mega projects such as Neom, Red Sea, AMAALA and Qiddiya will be the catalysts for UEM Edgenta and MASIC to co-develop world class IFM services in KSA before expanding further into the broader GCC region.
“Together with MASIC as UEM Edgenta’s strong and supportive local strategic partner, we aspire to transform MEEM to be a leading IFM company. Imbuing UEM Edgenta’s inhouse sustainability and tech solutions, MEEM will be the early adopter of the Smart Facilities Management solutions in KSA,” added Syahrunizam Samsudin.
It is the Company’s goal in creating an integrated and sustainable global UEM Edgenta franchise in line with the Edgenta of the Future 2025 vision (“EoTF 2025”). The partnership with MASIC and the investment of a controlling stake in MEEM cements the Company’s strategy in expanding its Integrated and Smart Facilities Management expertise in the international markets, complemented by Edgenta NXT’s proprietary technology solutions such as the Software-as-a-Service Asset Management platform, asseto.
The proposed investment into MEEM is expected to complete by 1Q 2023 upon fulfillment of the local regulatory approvals and conditions precedent of the agreement.
UEM SUNRISE PENS MOU WITH PETRONAS SUBSIDIARIES TOWARDS A SHARED SUSTAINABILITY AGENDA
KUALA LUMPUR, 22 September 2022 – UEM Sunrise Berhad (“UEM Sunrise”) or the “Company”), one of Malaysia’s leading property developers, has inked two Memoranda of Understanding (“MoU”) with Petroliam Nasional Berhad (“PETRONAS”)’s wholly-owned subsidiaries, PETRONAS Global Technical Solutions Sdn Bhd (“PGTSSB”) and Gentari Sdn Bhd (“GENTARI”) respectively to explore opportunities for collaboration in the adoption of renewable, green energy and mobility as well as forming intelligent, sustainable cities for the future.
UEM Sunrise and PETRONAS are moving towards a mutual goal of achieving net zero carbon emissions by 2050; by leveraging each other’s technologies, expertise and resources to accelerate the adoption of renewable energy, green mobility, and smart sustainable cities in short, medium and long-term. In addition, the partnership aligns with one of the United Nations Sustainable Development Goals 2030 (UNSDG), particularly goal number 17, “Partnership for the Goals”.
The collaboration will also include incorporating existing and new sustainable solutions within UEM Sunrise developments, with the Company being the first property developer to partner with the two PETRONAS subsidiaries.
“We are excited to work alongside like-minded entities such as PGTSSB and GENTARI towards a shared goal of achieving Carbon Neutrality by 2050. With our strategic partnership, I’m confident that we are heading in the right direction toward our goals. This will be a start to a mutually beneficial partnership that can bring long-term sustainable value for the communities we serve,” said UEM Sunrise Chief Executive Officer Sufian Abdullah.
In the immediate term, the collaboration with GENTARI will explore the introduction of low-carbon solutions, specifically EV charging points and an electric forecourt at UEM Sunrise facilities, as well as solar farms at UEM Sunrise lands.
Whereas in the long term, the MoU with PGTSSB will explore low carbon and nature-based solutions such as:
Smart Green Energy Solutions and Renewable Energy – Implementing practical, clean energy solutions that will tackle climate change issues in stages.
Circular Economy – Implementing a full cycle resource management by increasing recycling capacity and embodying the zero-waste concept.
Sustainable technical and technology solution – Implementing new hi-tech development solutions that are resilient, environmentally, and user-friendly will create positive social change in the community.
Overall, the collective effort is expected to benefit the respective businesses’ sustainability goals and propel Malaysia into becoming a net zero country by 2050.
Representing GENTARI, PETRONAS’ Head of Clean Energy Solutions Transition, Shahrizal Yang Razalli said, "The transition towards cleaner energy provides significant opportunities in Malaysia. Collaborating with a partner similarly passionate about this transition such as UEM Sunrise, will help GENTARI to advance our integrated efforts in driving the switch towards sustainable mobility and adoption of renewable energy. With this collaboration, GENTARI continues to live up to our purpose of solving the world's most pressing sustainable energy needs, providing solutions that can change how we live today for a better future."
PGTSSB Chief Executive Officer Annaliz Abu Bakar added, PGTSSB is excited to enter into this strategic collaboration as we expand our expertise beyond the energy industry. We are confident that the synergy will continue to grow through both companies’ touch points, to benefit more stakeholders as Malaysia moves towards being a carbon-neutral country by 2050.”
The collaboration is an integral part of UEM Sunrise’s continuous sustainability ambition based on its Sustainability Blueprint 1.0, which focuses on key aspects of Environmental, Social and Governance (ESG) by outlining a step-by-step approach towards a low carbon future by 2030, Ambition Zero by 2040 and Carbon Neutrality by 2050.
(From left to right) PETRONAS Global Technical Solutions Sdn Bhd Chief Executive Officer Annaliz Abu Bakar, UEM Sunrise Chief Executive Officer Sufian Abdullah and PETRONAS’ Head of Clean Energy Solutions Transition, Shahrizal Yang Razalli posed for a group photo after signing their respective MoUs.
OPUS CONSULTANTS PROPOSES TO RELOCATE ITS HEADQUARTERS IN SARAWAK
KUALA LUMPUR, 20 September – OPUS Consultants (M) Berhad (“OPUS Consultants”), a leading Asset Management and Infrastructure Solutions company in the region and a wholly owned subsidiary of UEM Edgenta Berhad (“UEM Edgenta” or the “Company”), has recently proposed to expand its service center and to establish OPUS Consultants’ headquarters in Sarawak.
Syahrunizam Samsudin, Managing Director/Chief Executive Officer of UEM Edgenta with Tan Sri Dr. Azmil Khalid, Chairman of UEM Edgenta, Mr. Shariman Yusuf, Managing Director of Edgenta Propel Berhad and Ir. Vincent Tang, Managing Director of OPUS Sarawak, paid a visit to the Premier of Sarawak, Datuk Patinggi Tan Sri (Dr) Abang Haji Abdul Rahman Zohari to share details on UEM Edgenta and OPUS Consultants’ business plans in Sarawak.
"We proposed to the Premier of Sarawak to allow us to work with the Sarawak Government and to provide his consent for us to have our new headquarters at OPUS Consultants Sarawak," said Syahrunizam.
"The Premier of Sarawak is very pleased for us to proceed with the proposal, we will work with Sarawak Economic Development Corporation ("SEDC") and PPES Consult Sdn Bhd ("PCSB") to develop the state of Sarawak towards becoming a high-income state by 2030, in line with the vision of the Premier of Sarawak. On the collaboration with SEDC, OPUS Consultants will establish a centre for facility and supply chain management in the Sarawak state," added Syahrunizam.
With more than 30 years of experience in delivering mega projects, OPUS Consultants, the market leader in engineering and asset management consultancy currently manages the lifecycle of more than 4,000 km (four thousand kilometers) of toll expressways, road construction and upgrading projects in Sabah and Sarawak providing innovative yet practical solutions for large-scale infrastructure and transportation projects.
ZURICH MALAYSIA GO THE EXTRA MILE TO OFFER PLUS HIGHWAY CUSTOMERS ADDED PEACE-OF-MIND
Zurich Malaysia (Zurich) and PLUS Malaysia Berhad (PLUS) have plans to expand protection for road mobility when they announced a collaboration that will complement the highway concessionaire’s service to all PLUS highway customers. The move is part of an innovation by Zurich to enhance and provide peace-of-mind for customers on the go via curated takaful plans. The first product to be introduced under this collaboration between Zurich and PLUS is the Z-ProMiles Takaful.
“The Z-ProMiles Takaful is offered to PLUSMiles members (PLUS rewards program) that provides Inconvenience Benefits, Hotel Accommodation and Car Replacement Allowance should the customer require additional coverage while travelling on PLUS highway. This is on top of accidental death, accidental permanent disablement and accidental hospital income benefits,” said Zurich General Takaful Chief Executive Officer, Shamsul Azman.
According to Shamsul, Z-ProMiles Takaful is easily accessible and provides on-the-go protection that allow PLUS highway customers who are also PLUSMiles members to choose the coverage plan that best suit their travel plan needs and budget.
Shamsul added, “Every life is precious. Many lives are at stake on the road every day, and the best thing one can do is to protect ourselves and loved ones in addition to being careful when travelling, especially on highways. As fellow road users, we understand the frustration when unpredictability affects us on the road. Motor vehicle coverage is a fallback plan for our mode of transportation, but many are not protected against unexpected events such as a breakdown on the highways.”
“Zurich is committed to alleviating some of the challenges road users face when commuting as part of our care for customers. Through our collaboration with PLUS, we are able to introduce this takaful product through a simple digital application. This helps to provide customers peace-of-mind when they travel on PLUS highway network,” added Shamsul.
According to Managing Director of PLUS, Datuk Azman Ismail, “Highway customers’ safety and comfort is our primary concern. We continuously strive to provide value-added services and facilities to enable an enjoyable and comfortable journey on our highways. Over the years, we are guided by our 3E road safety principles of Engineering, Enforcement and Education. At the same time, we always look for potential partners and collaborators to help us elevate our proposition to our highway customers.”
“PLUS is driving road safety through its highway patrolling team, PLUSRonda, Traffic Monitoring Centre, periodical road safety audits, continuous engagement and collaborations with the Police and Road Transport Department (RTD),” he added.
“We are pleased that Zurich Malaysia shares our aim of providing more convenience to our highway customers. This collaboration complements our efforts to make our highways safer and will benefit many Malaysians,” Datuk Azman said.
To apply for the Z-ProMiles Takaful coverage, PLUS highway customers can register as a PLUSMiles member via the PLUS App or visit the portal at https://pluscare.plus.com.my and participate in the Z-ProMiles Takaful plan.
“The Z-ProMiles Takaful coverage covers certain traffic incidences on PLUS-operated highways namely the North-South Expressway (NSE), New Klang Valley Expressway (NKVE), Seremban-Port Dickson Highway (SPDH), North-South Expressway Central Link (ELITE) Highway, the Malaysia-Singapore Second Crossing (LINKEDUA), Butterworth-Kulim Expressway (BKE), and the Penang Bridge,” Shamsul elaborated.
“This is our first collaboration with PLUS. We look forward to offering other new products and collaborations with other partners in the future,” he concluded.