CYBERJAYA: Property developer Emkay Group is looking at "big" revenue growth this year and 2014, said its chief executive officer Ahmad Khalif Mustapha Kamal.
The group expects revenue to rise to RM500 million this year, up from RM400 million in 2012, before rising to RM600 million next year, he said.
Ahmad Khalif said this after witnessing the piling work on AutoVille, Emkay Group's light industrial development in Cyberjaya, which is slated to be ready by end-2014.
The project is already 90 per cent sold, he said, adding that AutoVille has expected gross development value of RM100 million.
AutoVille is designed to meet Cyberjaya's need for space to house car showrooms; repair and maintenance outlets; and accessories and automotive cosmetic dealers.
Paradigma Intan Sdn Bhd, a subsidiary of Emkay Group, is undertaking the low-density project on 4ha of freehold land.
"AutoVille is specially designed to cater for automotive-related businesses to provide car-related services to the smart city's residents and workers," Ahmad Khalif said.
Once completed, Autoville will be the only light industrial development in Cyberjaya, and surrounded by future residential enclaves like Cyberjaya Crescent and Symphony Hill.
"Cyberjaya's facilities are coming into reality and the city it is becoming the place to live, work and play in. Our AutoVille project is on track for completion."
There are now 35 high-impact multinational corporations operating in Cyberjaya, each with 2,000 to 3,000 employees.
"Cyberjaya has a ready market for an automobile sales, service and repairs component," he said.
Cyberjaya's current population of 50,000 is set to double by 2016.