Qew Group Berhad (QGB), a prominent investment outfit with a presence in Kuala Lumpur, Putrajaya and London, is geared for significant long-term growth in 5 different industries: telco, real estate development, mining, healthcare, financial institutions and services.
Equipped with a household of expertise in various sectors – including partnering services, combined with its strategic partnerships and focus on market expansion – positions the QGB for diversified expansion both in its business and investment portfolios 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.
After endeavouring in a joint venture worth RM30 billion, QGB stands to gain a substantial 13% share of the venture, 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 its telecommunications portfolio, QGB commands 0.3% share in the Malaysian market, which is well-placed to tap into the lucrative potential of the RM36.8 billion market.
Under Phase 1 of their project, QGB owns 59 telco towers strategically located in Klang Valley, Sabah, and Labuan, which operate 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, along with another 150 towers by Q2 2026.
This initiative encompasses 72 various sites including institutions such as schools, mosques, land offices and 13 major district councils – all operating under the supervision of Setiausaha Kerajaan Negeri Kelantan (SUK).
QGB has entered into a collaborative partnership with Invest Kedah Bhd to develop the Digital Asian Hala Hub Industrial Park. In this venture, QGB serves as the land/site owner and master developer, while Invest Kedah assumes the role of strategic investment partner and facilitator.
The project is anticipated to yield a gross development value (GDV) of RM3.7 billion over a span of 5 to 7 years.
Recently, QGB also invested in a 6-storey holistic healthcare and wellness centre in Johor known as Medeseri Healthcare. The facility is strategically positioned to serve patients not only in Johor but also in Batam, Indonesia and Singapore.
With the capability to accommodate up to 280 individuals daily, Medeseri is committed to addressing a diverse range of healthcare needs.
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.
