Ekovest Berhad is collaborating with Universal Cosmos Co Ltd a wholly owned subsidiary of Zhejiang Communications Investment Group Co Ltd (“CICO”) on the potential of participation in infrastructure concession assets, large-scale infrastructure projects, food security & trading initiatives, retailing ventures, and Transit-Oriented Development (“TOD”) projects.
The group said the TOD projects are particularly notable for their focus on creating integrated mixed-use communities centred around high-quality transportation systems, reflecting a modern approach to urban development. Spokesperson for Ekovest, states, “Our collaboration with CICO a Fortune 500 company opens a new chapter in our journey towards infrastructural innovation. CICO’s global reputation and vast experience in transport infrastructure, spanning thousands of kilometres of expressways and railways, make them an invaluable partner in our quest to diversify our project portfolio and enhance Malaysia’s infrastructural capabilities.”
CICO, established in 2001 by the Zhejiang Provincial Government, has evolved into a global powerhouse in infrastructure development. As the largest state-owned enterprise in this sector in China, it brings unparalleled expertise and resources to this venture. Its involvement in over 3,420 km of expressway developments and 2,325 km of railway projects globally positions
The agreement, will focus on joint exploration and development of new projects across various sectors. This collaboration aims to leverage the distinct strengths of Ekovest and CICO to realise projects that offer substantial commercial and economic benefits. The partnership is structured to ensure balanced participation, shared funding responsibilities, and equitable leadership rights for both parties
