KUALA LUMPUR: NCT Group has formed a partnership with the Malaysia Enterprises Investment Association to draw investments and collaborations to accelerate growth of its smart industrial park in Selangor.
The partnership is centred on advancing the NCT Smart Industrial Park (NSIP), positioning it as a global industrial hub by attracting foreign direct investment (FDI) and fostering innovation.
With a specific focus on collaboration with stakeholders from China's Guangdong province, the partnership includes investor relations programmes, targeted marketing campaigns, knowledge-sharing initiatives and business development opportunities with key cities such as Foshan and Guangzhou.
NCT Group founder and executive director Datuk Joe Yap Fook Choy said the collaboration with MEIA is instrumental to the development of NSIP.
"MEIA's expertise in fostering trade and investment partnerships, particularly with stakeholders in China, strengthens NSIP's position as a global industrial hub."
"By streamlining business establishment processes and aligning with regional development plans, NSIP is fully equipped to attract foreign investors and encourage sustainable FDI into Malaysia."
MEIA chairman Million Lo Wei Hong said it aim to position NSIP as a model for industrial excellence that attracts investments and fosters economic progress on a global scale.
Lo underscored the importance of leveraging advanced technologies such as IoT and AI to ensure operational efficiency and sustainability within NSIP.
Situated within the Integrated Development Region in South Selangor, NSIP is a trailblazing industrial park combining advanced technologies and sustainable practices with the aim to achieve net-zero carbon emissions by 2050.
Speaking at the signing, Selangor executive council for investment, trade and mobility Ng Sze Han reiterated the state government's commitment to fostering partnerships that drive industrial progress.
Initiatives like NSIP, he said, is key in generating economic opportunities and enhancing Selangor's reputation as a center for innovation and global trade.