The management for Mines Golf Resort and Zikay Group celebrates iftar with 35 orphans of the Rumah Kanak-Kanak Tengku Ampuan Afzan (RUKTAA).
The group’s entry into the hospitality industry was marked with its management and operational takeover of the club. The club is one of the most landscaped courses in the country and comes fully equipped with other recreational activities that would be able to cater to the non-golfing clientele. The resort is well planned with accommodation facilities, a swimming pool, bowling alley, F&B and meeting facilities.
TERAJU is the acronym for Unit Peneraju Agenda Bumiputra which is a strategic unit under the purview of Jabatan Perdana Menteri (JPM). Its core purpose is to lead, propel and coordinate participation of Bumiputera entrepreneurs in the nation’s transformation plan (Pelan Transformasi Negara). ZIKAY Group Berhad was a platinum sponsor and exhibitor for the event alongside major and key business entities in Malaysia. This event has enabled ZIKAY Group Berhad to portray and showcase its products and services.
Property developer and construction company, Zikay Group Berhad, has signed an agreement with Medini Development Sdn Bhd to lease 1.31 hectares in Medini Iskandar for an integrated commercial project with a gross development value of RM600 million. Zikay Group managing director, Datuk Mohd Khay Ibrahim, said the company would invest RM400 million in the project, which was scheduled to take off in the first quarter of next year, and be completed within two-and-a-half years. "The investment will be funded by internally-generated funds and borrowing," he said after the ceremony to sign the agreement here today.
ZIKAY Group Berhad under its hospitality division has been appointed as the management team of one of Malaysia’s most prestigious golf course. Under the management agreement, Mines Golf Management (M) Sdn Bhd will undertake all management and operational aspects of the club. ZIKAY Group Berhad is actively promoting its golfing activities and at the same time; enhancing all aspects of its supporting products and services for the total enjoyment of its members and guests. This would mark ZGB’s second golf course that it has taken under its wing.
As a reputable developer, the group has expended its expertise in developing a comprehensive township in the state of Pahang with its main purpose of providing affordable housing to the masses. This thriving township is able to cater to the increasing demand for affordable housing without compromising on quality. As an effort to provide a well developed residential scheme targeting mainly the second and third generations of settlers, a partnership with the State Government was established with the intention to develop this 100 acres of land into a mix development of medium range residential and commercials.
Zikay has taken this lead initiative to move forward by not only working with Sedania AsSalam but also working with Islamic Banking and Finance Institute of Malaysia (IBFIM) to help the SME community, which is a huge market, utilise their services.
Although not many people are aware of this platform, the volume that Zikay clocked in was almost RM150 million last year, and for the last six years the volume has been increasing consistently.
Zikay’s clientele consists of contractors, service providers, suppliers and other SMEs that are registered with the Ministry of Finance (MoF) who have been awarded contracts by the government, government-linked companies (GLCs) and certain public listed companies.
Since they are the pioneers in using Islamic fintech for their business, Zikay hopes to encourage other MFA members to adopt the Al-Wariq system so that they would be able to move higher or they would be left behind.
Abd Rani summed up the importance of this landmark project by saying that it will “help the SMEs, particularly the government SMEs, to ease their cash flow and this platform (Al-Wariq) will help to achieve the efficiency and reduce cost.”
As Zikay sees this collaboration with Sedania AsSalam as their preparation to go regionally and globally.
Zikay will continue to work towards creating more awareness on factoring and the benefits that SMEs can gain from it, and to get all factoring houses to collaborate together so that the industry can grow.
“If Zikay is able to get all factoring associations to use this platform, the concept will become more in line with the bank and is more acceptable in terms of local and global market. And as we customise and provide a niche, it becomes more affordable to SMEs,”
Kampung Baru’s first high-rise development is on the way. Contractor-cum-developer Zikay Group will embark on its first high-value development, named the Mercu Zikay, to cater to middle-income earners in the Kuala Lumpur city centre. The RM250 million Mercu Zikay is located on over one acre of freehold land. It will be a 40-storey mixed development comprising a four-star hotel and serviced apartments. The project was commemorated by Prime Minister Datuk Seri Najib Razak recently and is said to be the first high-rise building in the area.