• AME’s group managing director Kelvin Lee Chai said the group's improved sales achievement in the 2022 financial year despite closures of international border speak volumes about the immense demand for well-managed integrated industrial parks.

JOHOR BAHRU (Sept 28): AME Elite Consortium Bhd (AME) is optimistic it will achieve industrial property sales of about RM250 million in the financial year ending March 31, 2023, on the back of increasing foreign and domestic direct investments into its industrial parks.

AME’s group managing director Kelvin Lee Chai said in a statement today that the group's improved sales achievement in the 2022 financial year despite closures of international border speak volumes about the immense demand for well-managed integrated industrial parks.

He said Johor, where the group's industrial parks are currently located, has received the highest approved investments via foreign direct investments in the first half of this year, further reinforcing their prospects.

"With the reopening of Malaysia’s international borders since April 2022, we have seen an uptrend in enquiries as well as investments from within Malaysia and across Asia.

"We are confident that this will enhance our prospects for financial 2023 (FY2023)," the statement said.

The group's FY2023 sales target is higher than the RM168.4 million recorded in the previous FY2022, he added.

The integrated industrial space solutions provider secured RM64.8 million in new sales and RM124.6 million in bookings for its customised industrial park properties in the first quarter ended June 30, this year.

The cumulative sum of RM189.4 million, if fully converted, makes up a healthy proportion of its FY2023 sales target, the group added.

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