CITAGLOBAL BERHAD signed a deal to buy a 1.58-acre land at Jalan Tun Razak from Bank Islam Malaysia Berhad for RM73 million.
CITAGLOBAL BERHAD acquires a 55% stake in Germany’s LAWI Engineering GmbH (LAWI Germany), a renowned renewable power plant technology company specialising in biomass and waste-to-energy solutions. The partnership between both companies will accelerate CITAGLOBAL’s foray into advanced waste-to-energy (WTE) technology and engineering solutions for waste management projects in Malaysia and regionally.
“The opportunities in waste management and WTE are significant, particularly with a reputable technology partner like LAWI Germany at the core of our Group’s Waste Management Division. This collaboration positions us strongly to secure contracts and explore strategic licensing collaborations with neighboring countries, driving value for our stakeholders. With our recent partnership with LAWI Germany, we are establishing a solid foundation in the waste management sector. Our vision is to grow this division into a key player in Southeast Asia, ultimately transforming it into a stand-alone, publicly listed entity within the next five years.”
— Tan Sri (Dr.) Mohamad Norza Zakaria, Executive Chairman & President, CITAGLOBAL
CITAGLOBAL BERHAD signs framework agreement with the Port of Baku to establish a 5.4 MW solar photovoltaic (PV) facility. The project is Azerbaijan’s first commercial renewable energy project integrating solar power with an advanced Battery Energy Storage System (BESS). It is also CITAGLOBAL’s first overseas energy initiative.
“This agreement marks a major milestone in advancing Azerbaijan’s renewable energy landscape with an innovative solution that seamlessly integrates solar power and BESS technology. The solution that we are implementing not only maximises clean energy use on-site but does so at a cost competitive tariff, demonstrating our shared commitment to sustainable, cost-effective energy solutions.”
— Tan Sri (Dr.) Mohamad Norza Zakaria, Executive Chairman & President, CITAGLOBAL BERHAD
CITAGLOBAL BERHAD signs Joint Development Framework Agreement (JDFA) with SUS Holding Limited, a wholly owned subsidiary of Shanghai SUS Environment Co Ltd, the largest solid waste incinerator supplier in China. Both companies plan to collaborate on waste to energy (WtE) projects in Pahang and the use of agricultural waste such as empty oil palm fruit bunches (EFB) and residual palm oil to produce biomass energy in Malaysia.
Collaboration with Masdar on the Pahang Renewable Energy Project, an initiative that showcases our commitment to sustainable development and positions us at the forefront of the green energy revolution
CITAGLOBAL BERHAD accepts a conditional letter of award from Malaysia Rail Link Sdn Bhd (MRL) which sees the Group become the exclusive 30- year concessionaire to supply electricity and renewable energy for the 665 km East Coast Rail Link (ECRL) from Kota Bahru, Kelantan to Port Klang, Selangor.
CITAGLOBAL BERHAD signs Joint Development Framework Agreement (JDA) with Abu Dhabi Future Energy Company (Masdar) for the joint development of renewable energy and clean energy projects with combined capacity of 2GW.
“We are extremely honoured that our MOU with Masdar has been quickly turned into a binding JDA framework in less than six months. This is a strong show of commitment that both parties are determined to make Project 2GW a reality and a success. Together with Masdar, we are confident of making faster progress towards our climate targets, besides meeting Malaysia’s long-term energy requirements in a responsible and cost-efficient manner.
We would also like to express our utmost gratitude to the state of Pahang for its unwavering support for Project 2GW. We are deeply grateful. To the state of Pahang, the benefits from this project will significantly outweigh its cost. Besides the obvious economic multiplier effect, the livelihoods of the people of Pahang will be greatly enhanced via social innovations and environmental protection. This is similar to how Madar aims to power 50,000 homes and offset 214,000 tonnes of carbon dioxide emissions from its first floating photovoltaic project in Cirata, West Java in Indonesia.”
— Tan Sri (Dr.) Mohamad Norza Zakaria, Executive Chairman & President, CITAGLOBAL
CITAGLOBAL BERHAD acquires a 30% stake in submarine cable systems company iFACTORS Sdn Bhd. iFACTORS is principally involved in the business of maintenance and services of telecommunications equipment and components. This strategic investment not only enhances CITAGLOBAL’s presence in the telecommunications sector but also positions the Group to pursue subsea high voltage power cable projects, a crucial component in offshore renewable energy initiatives.
CITAGLOBAL BERHAD launches Malaysia’s first Battery Energy Storage System Technology, “MYBESS”. The launch of MYBESS is officiated by YBM Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of Investment, Trade and Industry of Malaysia, highlighting the significance of this development.
CITAGLOBAL BERHAD market capitalization exceeds RM600 million mark, a 500% increase since the emergence of Tan Sri Dato’ Sri (Dr.) Mohamad Norza Zakaria as a substantial shareholder in December 2019.
CITAGLOBAL BERHAD , in collaboration with the clean energy company Abu Dhabi Future Energy Company PJSC (Masdar), has announced a joint development agreement (JDA) to construct a US$2 billion (RM9.75 billion) two-gigawatt (2GW) solar farm in Pahang CITAGLOBAL BERHAD strategic acquisition of WZS, the company’s market capitalization has surged from RM400 million to an impressive RM700 million, highlighting significant growth
CITAGLOBAL BERHAD completes the acquisition of CITAGLOBAL Engineering Services Sdn Bhd (CESSB) from TIZA Global Sdn Bhd, enabling the Group to pursue its growth ambitions in civil engineering & construction and telecommunication infrastructure.
CITAGLOBAL BERHAD launches CITAGLOBAL Capital, a licensed moneylender registered under the Ministry of Local Government Development (KPKT). CITAGLOBAL Capital provides financial products to SMEs and individuals, specialising in personal loans and business loans.
WZ Satu changes its name to CITAGLOBAL, reflecting the Group’s new focus and regional growth ambitions.
CITAGLOBAL BERHAD , stands at the crossroads of energy, construction, and innovation, fueling the future with sustainable oil and gas solutions, building tomorrow with pioneering construction projects, and crafting quality through advanced manufacturing. With CITAGLOBAL BERHAD , you’re choosing a path towards a sustainable and innovative world.
Tan Sri (Dr.) Mohamad Norza Zakaria is appointed as Executive Chairman of CITAGLOBAL BERHAD, kicking off the Group’s journey into becoming a prominent player across technology-driven industries.
Tan Sri Dato’ Sri (Dr.) Mohamad Norza Zakaria first emerges as a Substantial Shareholder in CITAGLOBAL BERHAD, which was then known as WZ Satu Bhd.
Weng Zheng Resources Bhd changes its name to WZ Satu Bhd. WZ Satu was mainly involved in civil engineering, construction, oil & gas, property development, mining and manufacturing.
Weng Zheng Resources Bhd is listed on Bursa Malaysia.
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