KUALA LUMPUR: Qew Group Bhd’s “Bright Future” technique focuses on considerably enhancing its presence and capabilities in the Malaysian telecommunications industry, exemplified by profitable operations of 59 telco infrastructure websites, mentioned CEO Datuk Muhamad Iqbal Mohamad.
The group’s goal to finish 22 telco monopoles in the third quarter of 2024, he mentioned, demonstrates its dedication to increasing its community and infrastructure.
“These initiatives are integral to the Bright Future technique as they supply a sturdy basis for sustained development and repair enhancement over the subsequent decade, with a complete asset worth of about RM59 million that underscores the substantial funding that Qew Group is making to solidify its place in the telecommunications sector,” mentioned Muhamad Iqbal in an unique interview with SunBiz.
Providing an replace on its community of telecom towers, he mentioned the newest additions are in Sabah the place three out of 20 towers have been accomplished. That is aligned with the group’s goal to finish 120 towers nationwide earlier than 2026.
“Financially, the estimated whole worth of the tower challenge is about RM20.35 million. This offers vital monetary worth to the group, enhancing portfolio and income potential.”
Muhamad Iqbal mentioned the Bright Future technique includes not solely increasing its telecommunications infrastructure but in addition integrating cutting-edge applied sciences to reinforce the group’s aggressive edge in the market.
“The profitable operation of 59 telecommunications infrastructure websites and the goal to finish 22 monopoles in the third quarter of 2024 exhibit the group’s dedication to innovation and technological development, with key applied sciences carried out. This includes superior community infrastructure with state-of-the-art telecommunications tools, good monopoles outfitted with real-time monitoring and upkeep capabilities.”
He mentioned the combination of superior digital applied sciences to reinforce the effectivity and effectiveness of its initiatives is vital in fostering the tradition of innovation and sustainability of the group.
“Qew Group’s strategy to foster a tradition of innovation and sustainability includes selling collaboration, sustaining transparency, and specializing in long-term financial and neighborhood advantages,” mentioned Muhamad Iqbal.
Delving into the halal digital hub challenge, he emphasised that Digital Asean Halal Hub, positioned at Bukit Kayu Hitam, seeks to create a cutting-edge industrial ecosystem to bolster the halal industry’s development throughout the Asean area, with the first goal of pursuing innovation and excellence, attracting each home and overseas traders, fostering collaboration, producing financial development and creating job alternatives for the area people.
“This challenge aligns with the group’s Bright Future the place it goals to create a sustainable and strong ecosystem that helps revolutionary options and finest practices in halal manufacturing and distribution. The strategic place of the hub as a border city throughout the Indonesia-Malaysia-Thailand Growth Triangle will improve cross-border commerce and financial collaboration,” he mentioned.
Moreover, Muhamad Iqbal famous that in the group’s “Benevolent Future” technique, a company strategic partnership was set up for the Affordable Housing Kelantan Project, which has reached 85% completion and is poised to be prepared by September as scheduled.
“In Langkawi, Qew Communications, a subsidiary of Qew Group, is collaborating in a three way partnership with the Pulau Tuba Islands Cooperative, the place the island is house to nearly 7,000 residents.
“The group has generated the native economic system by channelling refined capital to them by raised funds. The firm has additionally created job alternatives for the residents and invested in the tourism sector of Pulau Tuba,” mentioned Muhamad Iqbal.
