NCT Group's smart industrial park in Selangor ready to attract investors from China - MIDA | Malaysian Investment Development Authority
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NCT Group’s smart industrial park in Selangor ready to attract investors from China

NCT Group’s smart industrial park in Selangor ready to attract investors from China

28 Dec 2022

NCT Group’s NCT Smart Industrial Park (NSIP) is on track to attract investors from China to invest in the company’s properties and developments under the project.

Endorsed by the Selangor government, NSIP’s unique positioning as “The First” Managed Industrial Park (MIP) aims to boost investment opportunities from local and international investors.

NCT said NSIP’s positioning as the global hub for the semiconductor, electronic and electrical (E&E), and pharmaceutical industry was set to create a multiplier effect in Malaysia.

The project was also supported by the Hainan government of China.

NCT general manager and NSIP project lead Eddy Lim Swee Shien said sustainability was at the core of the project and it truly embodies environmental, social and governance (ESG) values.

“It was designed with this very objective and we have seen great interest in the development. 

“Creating an efficient and effective development, NSIP is designed in line with the GreenRE rating criteria and is on track to being a solar-equipped, Managed Industrial Park (MIP), among other components. 

“This will be further supported by various partners, such as Telekom Malaysia Bhd, Solarvest Holdings Bhd and Samaiden Group Bhd, and other players, which are aligned with NCT’s vision to contribute towards reducing industrial carbon footprint,” he said during the 12th Malaysia-China Entrepreneurs Conference (MCEC 2022) recently.

During the conference, NCT presented the project to more than 350 delegates that include representatives from the Hainan government who joined virtually.

Located at the Integrated Development Region in South Selangor (IDRISS), NSIP is led as a Fourth Industrial Revolution (4IR) inspired development that integrates smart innovations and sustainable solutions to cater to the current and future needs of entrepreneurs. 

Upon completion, the project is targeted to create 50,000 job opportunities, addressing the shortage of jobs in the state while contributing to the

local economy.

NCT is working closely with the Selangor state government’s investment arm, Invest Selangor, the Malaysian Investment Development Authority and the Ministry of International Trade and Industry to strengthen the exposure of NSIP by tapping into their pool of investors and network. 

The project, which has started with site clearing earlier this month, has received an overwhelming response, with 100 per cent of Phase 1A fully booked.

Source: NST