Malaysia-based coworking space WORQ & UOA's newest partnership receiving 70% occupancy rate during pre-launch

 

Contributed by Kenny Phang.

In collaboration with Defy Media.

Malaysia’s coworking and flex space provider WORQ has launched its seventh outlet in Menara UOA Bangsar (MUB) with a 70 percent occupancy and immediate profitability on day-1, the company announced on Friday.

This location will serve as a growth hub for global tech startups while also giving the local and international community access to a vast business network and robust infrastructure.

Since 2017, WORQ has fostered over 266 startups and 122 tech companies, emerging as the
leading coworking space in Malaysia. This collaboration with UOA demonstrates a
commitment to position Malaysia as the premier digital hub within the ASEAN region. Aligned
with Malaysia Digital Economy Corporation’s (MDEC) Malaysia Digital (MD) initiatives and
PEMANGKIN programs, WORQ hopes to drive the growth of Malaysia’s digital economy.

Private equity firm Chairman and Founding Partner Nazir Razak, who officiated the launch of the outlet further shared, “This is a significant step towards fostering innovation and collaboration in Malaysia’s dynamic business landscape. Coworking spaces are now hubs of technological innovation that serve as a launching pad for numerous aspiring startups.

“The growing digital economy in Malaysia is the result of a number of factors, which also make Malaysia a more desirable location for tech and digital companies looking to expand their presence in the ASEAN region. WORQ’s new 15,000 square foot hub not only exemplifies the brand’s commitment to supporting startups and businesses but also reinforces its role in advancing Malaysia’s stature as a leading digital hub within ASEAN,” he said, adding that he was highly impressed by the company’s performance.

At present, foreign companies building teams in Malaysia make up about 50 percent of WORQ’s clientele.

 

Located in the heart of Bangsar, this is the brand’s second outlet in a UOA property following the success of WORQ Subang in UOA Business Park (UBP). This latest outlet has achieved 70% occupancy prior to its launch, following the consistent achievement of their recently launched WORQ KL Sentral.

Chairman and Founding Partner of Ikhlas Capital, Tan Sri Nazir Razak, who officiated the launch of the outlet, further shared, “This is a significant step towards fostering innovation and collaboration in Malaysia’s dynamic business landscape. Coworking spaces are now hubs of technological innovation that serve as a launching pad for numerous aspiring startups. The growing digital economy in Malaysia is the result of a number of factors, which also make Malaysia a more desirable location for tech and digital companies looking to expand their presence in the ASEAN region. WORQ’s new 15,000 square foot hub not only exemplifies the brand’s commitment to supporting startups and businesses but also reinforces its role in advancing Malaysia’s stature as a leading digital hub within ASEAN.”