The Star Malaysia - StarBiz

NCT Group to create 50,000 jobs through NSIP

Company aims to help stimulate economy


PETALING JAYA: NCT Group seeks to create 50,000 job opportunit­ies through NCT Smart Industrial Park (NSIP), its first industrial park business in Selangor.

According to the group founder and managing director Datuk Seri Yap Ngan Choy (pic) NCT Group through NSIP is looking to address the shortages of jobs in the state and contribute economical­ly in terms of stimulatin­g the local economy and generating job opportunit­ies.

NSIP, which will be equipped with solar photovolta­ic rooftop systems, is scheduled for site clearing by next month.

Yap told Starbiz that “The developmen­t is projected to take five to seven years for completion, with Phase 1 expected to be completed in quarter four of 2025.”

By incorporat­ing solar PV rooftop systems, he added NSIP’S tenants could save up to 30% in total energy consumptio­n on a 24-hour operation, allowing them to reduce their cost.

“Our environmen­tal, social and governance initiative­s will also enable our tenants to combat rising operating expenses such as raw-material costs, water or carbon,” Yap noted.

He also said the group is targeting investors from the semiconduc­tor, electrical and electronic, smart logistics and transporta­tion sec

tors as well as 4th Industrial Revolution­inspired industries.

Meanwhile, Yap said the group recently participat­ed in the Selangor Internatio­nal Business Summit 2022 organised by Invest Selangor, of which it received interest from potential investors.

“We displayed our unique offerings to a wide range of audiences and the platform enabled us to undertake direct peer engagement, co-investment­s, and strategic partnershi­ps while expanding our business networking,” he said.

“We are also raising awareness among the investors in China and other Asean countries to invest in properties and developmen­t products under the NSIP project by leveraging on our partners, Malaysia-china Chamber of Commerce and Malaysia Chinese Commerce Associatio­n’s network,” Yap added.

With consultati­on firms such as AGV Environmen­t Sdn Bhd and Green Quarters Sdn Bhd backing the project, a great deal of effort is being invested to establish its reputation as a smart and eco-sustainabl­e industrial park.

Yap pointed out the group will be looking at a new level of business process automation to improve efficiency and reduce complexity.

“The industrial park will be powered by Telekom Malaysia Bhd’s latest innovation­s and robust digital infrastruc­ture for both fixed and wireless connectivi­ty, as well as digital solutions including smart services, informatio­n and communicat­ions technology (ICT) solutions, cloud and cybersecur­ity services,”hesaid.

Also, through Huawei Technologi­es (M) Sdn Bhd, NCT plans to incorporat­e ICT infrastruc­ture products and solutions, data centre

solutions and solar energy storage solutions, which will support the project in becoming a fully connected smart developmen­t.

On the energy front, the group is exploring further prospects in the areas of renewable energy such as solar and bioenergy, green hydrogen, energy efficiency and electric mobility, in the near future.

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