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Monday, June 14, 2010

Naza TTDI has big overseas plans

NAZA TTDI Sdn Bhd is mulling the idea of taking the TTDI brand overseas by building townships and mixed developments.

Group managing director SM Faliq SM Nasimuddin said the property company will focus on Asia Pacific and expects to start its maiden construction by 2013.

The plan will include building hotels to expand its leisure division.

"We are talking to investors and hope to form several partnerships with other property developers in Asia Pacific. We have to step outside of Malaysia to expand the growth of the company. We will look at every given opportunity," Faliq said in an interview with Business Times recently.
Faliq said he would like to replicate the multi-billion ringgit Taman Tun Dr Ismail (TTDI) township development in the region.

"We want to move forward with the TTDI brand. People always associate Naza with automotive (business). But we are more than that. We have diversified the group's strategies into other businesses. The core is still auto, followed by property development," he said.

Faliq, 25, is the fourth child of the late Tan Sri Nasimuddin, and probably Malaysia's youngest group MD.

He took control of Naza TTDI at the peak of the company's crisis, when he was 23.

"I saw the worst and was able to push things through. The company is strong and healthy now. We have a few projects in hand worth a combined RM8.5 billion, including Platinum Park, which I am very proud of," Faliq said.

Naza TTDI has unbilled sales of RM1.3 billion and is planning to launch new projects this year.

On how he manages the Naza Group's property and construction division as well as personal life, Faliq said being hands on is a key contributor.

"I spend most of my time in the office and I know exactly what is going on around. I read a lot of materials about the market place.

"This is still a family business. I am very close to all my siblings and we always sit together for dinner and talk about the day's happenings and how to achieve a new beginning. It is very exciting," Faliq said.

Faliq is a huge fan of the Ferrari Maserati and drives the marque himself to work.

He is active in sports and plays football, badminton and golf, occasionally, with his childhood friends.

Faliq is a firm believer of maintaining a healthy body and tries to visit the gymnasium once a week.

"I cannot live like any 25-year-old because of my responsibilities. When I have time, I make it possible for everything else that is not work-related," he said.

By Business Times

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