Our Company is the flagship company for the real estate investment and development businesses of UEM Group. UEM Group is wholly-owned by Khazanah Nasional Berhad, which is the investment holding company of the Government.

Our Company was incorporated on 20 August 2008 pursuant to the Restructuring which resulted in our Company becoming the holding company of UEM Land Group. Our principal and direct wholly-owned subsidiary, UEM Land, was incorporated as a public limited company under the name of Renong in 1982.

The UEM Land Group originally focused on a range of infrastructure-related businesses, including real estate investment business and acquired extensive reserves of land in Johor, known as Nusajaya, during the mid-1990s. Following the acquisition of a majority interest in UEM Group by Khazanah in 2001 and a group wide restructuring exercise which was completed in 2003, UEM Land decided to increase its focus on the real estate business and reposition Nusajaya as a regional city with diverse catalyst developments to create and promote economic growth and development in the area, as well as to meet various economic activities and market demands.

Nusajaya has been identified by the Government as one of the five flagship zones of Iskandar Malaysia, which was conceptualised in the 9MP in March 2006, to enhance infrastructure development, foreign investment and economic growth and to transform South Johor into a new economic and development region.

The 9MP is a 5-year plan currently being implemented by the Government which sets out the areas of focus for the development of the Malaysian economy from year the 2006 to 2010. The development of Iskandar Malaysia will be centered around five economic flagship zones in South Johor, including Nusajaya, which are being developed primarily by private developers with the support of, and incentives from, the Government.

Nusajaya spans a total land area of 23,875 acres and is currently under various stages of development. Upon substantial completion of the development, which is expected to be in 2030, Nusajaya will comprise a range of high-quality properties, including the Johor State Government and the Malaysian Federal Government offices, industrial properties, healthcare properties, universities and other commercial, residential and mixed-use properties catering to a wide range of local, regional and international demand.

Out of 23,875 acres of total land area in Nusajaya, approximately 3,312 acres (14%) have been substantially developed, approximately 15,237 acres (64%) were in various stages of planning and development comprising both our projects and projects being planned and/or undertaken by our strategic partners and approximately 5,326 acres (22%) are still available for future development.