Eco World Development Group Berhad (EcoWorld Malaysia) announced that it had entered into a conditional sale and purchase agreement with IOI Prima Property Sdn Bhd to acquire 403.78 acres of land located in Mukim Senai, Daerah Kulai, Negeri Johor for a purchase consideration of MYR 211.065 million to be settled in cash. The land is strategically located, easily accessible through the North-South Highway (situated 5 km from the Kulai Toll) and enjoys good connectivity to the Second-Link Expressway, Senai-Desaru Highway, Pasir Gudang Highway, Senai International Airport and various sea ports. It is also surrounded by matured townships that are well served by various amenities.

The Group plans to develop the land into a business park to be known as Eco Business Park VI (EBP VI) with an estimated gross development value of MYR 1.58 billion, catering to medium and light industrial businesses. Business owners and investors will be able to enjoy EcoWorld's one-stop industrial solutions providing modern facilities and comprehensive services to assist them in setting up their operations quickly and seamlessly. A variety of space customisation and built-to-suit options that are designed to maximise efficiency with minimum resources wastage will also be available.

Underpinning the robust demand for industrial land is the high level of approved investments. In 2022, total approved investments in Malaysia amounted to MYR 264.6 billion, surpassing both the annual average of MYR 217.59 billion from 2013 to 2021 and the pre-pandemic investment of MYR 211.4 billion in 2019. The top two states, i.e. Johor and Selangor, accounted for approximately 49% of the country's total approved investments in 2022.