Eco World Development Group Berhad: A Leap into Sustainable Growth
In a significant move that underscores its commitment to sustainable development, Eco World Development Group Berhad (EcoWorld) has been making headlines with strategic partnerships and new ventures. As a Malaysian company listed on Bursa Malaysia, EcoWorld has been focusing on eco-friendly and sustainable development, a mission that is reflected in its recent activities and financial performance.
Strategic Partnerships and Market Expansion
On May 23, 2025, Eco World International Bhd (EWI), a subsidiary of EcoWorld, announced a pivotal partnership with JLand Group (JLG), part of Johor Corporation. This collaboration marks EWI’s first project in Malaysia, signaling its strategic shift towards the Malaysian market. The non-binding deal, executed via JLG Investment Holdings, aims to explore real estate opportunities in both Malaysia and Australia. JLG has shown interest in EWI’s residential site at Macquarie Park, Australia, a prime location near Sydney’s central business district. Concurrently, EWI is considering involvement in a proposed 300-acre industrial development, showcasing its ambition to diversify and expand its portfolio.
Retail and Community Hub Launch
Earlier, on May 22, EcoWorld unveiled 19 tenants at its new retail and community hub, Majestic Labs, located in the Eco Majestic township in Semenyih, Selangor. The unveiling ceremony, held at Menara EcoWorld in Kuala Lumpur, introduced a diverse range of tenants, including Believe Fitness, Claviera Petite, and Xiaomi, among others. Majestic Labs, with a net lettable area of about 110,000 sq ft, is set for a soft launch in late September and a grand opening by year-end. This development highlights EcoWorld’s commitment to creating vibrant community spaces that cater to a wide array of consumer needs.
Industrial Park Development
In another significant development, EcoWorld, in partnership with SD Guthrie Bhd and NS Corporation Sdn Bhd, has officially begun the development of Eco Business Park 7 (EBP 7) in Negeri Sembilan. This project, formalized through a shareholders agreement, establishes Eco Business Park 7 Sdn Bhd as the overseeing entity. EcoWorld holds a 55% stake, with SD Guthrie Land Ventures Sdn Bhd and NS Corp owning 30% and 15%, respectively. Eco World Project Management Sdn Bhd, an EcoWorld subsidiary, will manage the development. This industrial park is a testament to EcoWorld’s strategic focus on sustainable industrial development.
Financial Overview
As of May 18, 2025, EcoWorld’s close price stood at 1.94 MYR, with a 52-week high of 2.16 MYR and a low of 1.4 MYR. The company boasts a market capitalization of 5,791,690,000 MYR and a price-earnings ratio of 18.43. These figures reflect the company’s robust financial health and investor confidence in its growth trajectory.
Conclusion
Eco World Development Group Berhad continues to make strides in sustainable development, with strategic partnerships and new ventures that align with its eco-friendly mission. As it expands its footprint in Malaysia and beyond, EcoWorld is poised for continued growth, driven by its commitment to sustainability and community development.