UEM Group

UEM Group Berhad is a Malaysian infrastructure-focused investment holding company and a wholly owned subsidiary of Khazanah Nasional Berhad, Malaysia’s sovereign wealth fund. The group traces its origins to the incorporation of United Engineers (M) Bhd in 1966. Its present identity is associated with the development, ownership, operation and management of major infrastructure and infrastructure-related businesses in Malaysia. The group’s activities are organized around several principal business areas. Expressways are represented primarily through PLUS Malaysia Berhad, one of the country’s major highway businesses. Airports are associated with Malaysia Airports Holdings Berhad. Township and property development are conducted through UEM Sunrise Berhad, while engineering and construction capabilities are linked to Cement Industries of Malaysia Berhad, commonly known as CIMA. UEM Edgenta Berhad represents the group’s asset and facility management activities, and UEM Lestra Berhad is associated with green industries and renewable-energy-related opportunities. UEM’s portfolio therefore extends beyond a conventional construction company. It combines infrastructure investment, transportation assets, property development, engineering and construction, facilities and healthcare-related support services, and emerging green-industry activities. This portfolio gives the group exposure to assets with long operating lives and to projects that support national connectivity, urban development, public facilities and the transition toward lower-carbon infrastructure. A major turning point came in 2001, when UEM became a wholly owned subsidiary of Khazanah Nasional Berhad. Ownership by Khazanah placed UEM within Malaysia’s government-linked investment ecosystem and provided a framework for managing the group as a strategic infrastructure platform. The group’s businesses include both operating subsidiaries and interests in significant Malaysian infrastructure companies, rather than a single consumer-facing product line. UEM states that, since 1988, companies within the group have completed infrastructure projects in Malaysia spanning transportation, buildings, real estate and renewable-energy facilities. By the end of December 2024, the group reported total assets of more than RM27.1 billion, equivalent in the cited reference to more than US$6.1 billion, and shareholders’ funds of approximately RM10.7 billion, or about US$2.4 billion. These figures are reported financial information for that period and should not be interpreted as a stock-market valuation. The group’s headquarters is Mercu UEM, a 29-storey commercial office building at KL Sentral in Kuala Lumpur. UEM Group is primarily a Malaysia-focused corporate and infrastructure brand. Its public profile is driven by the scale and national significance of its portfolio companies and projects rather than by direct retail branding. The group remains active under Khazanah ownership, with its principal role being the stewardship and development of infrastructure-related businesses and investments.

UEM Group began in 1966, when the company was incorporated as United Engineers (M) Bhd. Its early corporate identity was therefore rooted in engineering and infrastructure-related activity. Over time, the organization developed into a broader group with interests across major built-environment and infrastructure sectors in Malaysia. The group’s historical development reflects the expansion of its activities beyond engineering contracting alone. Its portfolio came to encompass expressways, airports, property and township development, engineering and construction, cement, facilities management and green industries. This diversification connected UEM with several types of long-term national infrastructure: roads and transport links, airport facilities, large-scale urban developments, buildings, industrial and construction capabilities, and renewable-energy projects. In 2001, UEM became a wholly owned subsidiary of Khazanah Nasional Berhad. This transaction was the central ownership milestone in the group’s modern history. Under Khazanah, UEM became part of Malaysia’s sovereign investment structure and was positioned as an infrastructure-focused investment holding company. Its role has included holding and coordinating strategic businesses rather than operating as a single-sector engineering enterprise. The group’s business architecture is organized through several principal companies and platforms. PLUS Malaysia Berhad represents the expressway segment, while Malaysia Airports Holdings Berhad represents the airport segment. UEM Sunrise Berhad covers township and property development. Cement Industries of Malaysia Berhad, or CIMA, is associated with engineering and construction activities and cement-related capabilities. UEM Edgenta Berhad operates in asset and facility management, and UEM Lestra Berhad represents the group’s green-industries platform. These businesses give the group a diversified presence across infrastructure delivery, infrastructure operation, property and urban development, support services and sustainability-oriented investment. UEM reports that its companies have completed infrastructure projects in Malaysia worth more than US$13.6 billion since 1988. The cited project scope includes transportation, buildings, real estate and renewable-energy facilities. This description presents UEM’s contribution as a long-term project and asset platform, with activities covering both physical construction and the subsequent operation or management of important facilities. By the end of December 2024, UEM Group reported total assets of more than RM27.1 billion and shareholders’ funds of approximately RM10.7 billion. The group continued to operate as a wholly owned Khazanah subsidiary, with its headquarters at Mercu UEM, a 29-storey office building in the KL Sentral area of Kuala Lumpur. Its contemporary identity is consequently that of a Malaysia-focused infrastructure group whose businesses combine strategic assets, operating companies and development platforms across transport, property, construction, facilities and green industries.

• 2024

  Reported year-end asset and equity scale

  [1]UEM Groupen.wikipedia.org

  At the end of December 2024, UEM reported total assets above RM27.1 billion and shareholders’ funds of approximately RM10.7 billion.

• 2001

  Becomes wholly owned by Khazanah Nasional

  [1]UEM Groupen.wikipedia.org

  UEM became a wholly owned subsidiary of Khazanah Nasional Berhad, placing the group within Malaysia’s sovereign investment portfolio.

• 1988

  Beginning of the reported infrastructure-project record

  [1]UEM Groupen.wikipedia.org

  UEM identifies 1988 as the starting point for a record of infrastructure projects completed by companies in the group across transportation, buildings, real estate and renewable energy.

• 1966

  Incorporation as United Engineers (M) Bhd

  [1]UEM Groupen.wikipedia.org

  The company was incorporated under the name United Engineers (M) Bhd, establishing the corporate predecessor of UEM Group.

A Malaysian government-linked infrastructure investment and operating group spanning transport infrastructure, airports, property development, engineering and construction, asset and facility management, and green industries.

• Transport infrastructure

  Expressways

  UEM’s expressway activities are centered on PLUS Malaysia Berhad. The segment covers the infrastructure and business operations associated with major Malaysian highways, placing UEM in the long-term ownership, operation and management of strategic road-connectivity assets.

• Airport infrastructure

  Airports

  The airports segment is associated with Malaysia Airports Holdings Berhad. It represents UEM’s exposure to airport infrastructure and airport-related operations, extending the group’s transport portfolio from surface connectivity to aviation facilities.

• Property development

  Township and property development

  UEM Sunrise Berhad represents the group’s township and property-development activities. This business area covers large-scale urban and real-estate development rather than a single property product, contributing to the creation of integrated townships and other built environments.

• Engineering and construction

  Engineering, construction and cement

  Cement Industries of Malaysia Berhad, or CIMA, is identified with UEM’s engineering and construction business area. The segment also includes cement-related industrial capabilities that support construction and infrastructure delivery.

• Infrastructure support services

  Asset and facility management

  UEM Edgenta Berhad represents asset and facility management within the group. This business area supports the operation, maintenance and management of built assets and facilities, complementing UEM’s ownership, development and construction activities.

• Renewable energy and green infrastructure

  Green industries

  UEM Lestra Berhad represents the group’s green-industries platform. It is associated with renewable-energy facilities and other sustainability-oriented infrastructure opportunities, broadening UEM’s portfolio beyond conventional transport and property assets.

1. 1UEM Groupen.wikipedia.org