WHAT VALUE WAS CREATED IN 2024? In 2024, UEM Edgenta focused on economic value creation through strategic enhancements in facilities management, reinforcing its commitment to community development, market growth, and the expansion of new asset classes. The company pursued key initiatives to enhance value creation and distribution, ensuring long-term economic and environmental benefits. ASPHALT PLANT WITH RECYCLING FACILITY – SUSTAINABLE INFRASTRUCTURE INVESTMENT A major milestone was the establishment of the Asphalt Plant in Tapah, with a total investment of approximately RM18 million over the past three years, the bulk of which was allocated in 2023 for the plant setup. This facility integrates a Recycling Facility, repurposing milling waste into Recycled Asphalt Pavement (RAP), reducing the consumption of virgin materials while minimising waste. The plant not only contributes to sustainable infrastructure development but also generates economic activity in the surrounding area. Commercial operations commenced in Q4 2024, with the plant supplying PLUS as its main client, along with other industry players. TALENT DEVELOPMENT THROUGH SKILLS AND TRAINING We introduced several initiatives to empower local talent, including the Graduate Trainee Programme (GeT) in Malaysia, equipping graduates with job-relevant skills, and the MEEM Facility Management Graduate Training Programme in Saudi Arabia, which enrolled eight promising graduates to build expertise in facilities management. Additionally, OPUS International and Swinburne University of Technology Sarawak campus collaborate to advance Sarawak’s talent development and capacity building. We also implemented targeted development programmes to strengthen leadership capabilities and technical expertise, including the UEM-INSEAD Senior Leadership Development programme, the Facility Managers Development programme, which provides pathways to Certified Facility Management Manager (CFMM) certifications by CIDB and Professional Masters qualifications, and the Executive Education programme for senior leadership, designed to hone practical leadership skills and strategic networking opportunities while offering professional qualification pathways. The People Manager Essentials programme further supports talent development by equipping people managers with the skills to lead, engage, and nurture their teams effectively. TARGETED BUSINESS DEVELOPMENT AND PRODUCT DIVERSIFICATION We continue to collaborate with strategic partners to address emerging market demands by leveraging its diverse service offerings. In 2024, the company remained committed to business expansion, achieving higher revenues and international market growth through tech-enabled contract wins, which accounted for 70% of new contracts. This aligns with the EoTF2025 strategic focus on driving growth through innovation, reinforcing UEM Edgenta’s ambition to evolve into a globally recognised Malaysian company. MARKET DIVERSIFICATION AND INTERNATIONAL EXPANSION The company continues to broaden its regional presence, intensifying efforts to expand into adjacent sectors such as manufacturing and hospitality. By diversifying its market footprint, UEM Edgenta is strengthening its resilience in an evolving economic landscape, positioning itself as a key player in the global asset management and infrastructure solutions industry. Sustainable Economic Growth UEM EDGENTA BERHAD 136 Integrated Annual Report 2024
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