Home-grown hydro and thermal technology company Intrix Group expects to begin expanding to several countries this year, underpinned by increasing demand for its technological solutions.
“Dubai is usually the hub and, from there, we will radiate out to do business. We will start with our business-to-business offerings, then business-to-consumer ,” he toldAside from the Middle East, Tee shared, the group plans to expand to Australia, Hong Kong and Singapore by the fourth quarter of 2024. He added that it will begin with introducing its B2C offerings, followed by its B2B products.
Ar present, the group operates on B2C and B2B models for its two main segments, lifestyle and renewable, respectively. In terms of targets, he said the group has ambitious goals this year: to grow its B2B models threefold and to achieve fivefold growth in its B2C business. Touching on revenue contribution, Tee shared that 45% was derived from the UK, 50% from Malaysia and the remainder from other countries in Southeast Asia, such as Thailand.
Commenting on green project financing, Tee opined that, at the core, despite internal quotas to fund green projects, financial institutions such as banks remain focused on basic fundamentals.