Mah Sing to develop RM2.26 billion industrial park in Kulai

Mah Sing Group Berhad is set to develop a significant new industrial hub, the MS Industrial Park @ Kulai, with an estimated Gross Development Value (GDV) of RM2.26 billion. This strategic move follows shareholder approval for the acquisition of roughly 169.62 hectares of freehold land in Kulai, Johor.

“

This new project expands the group's industrial footprint in the JS-SEZ and increases Mah Sing's total landbank to approximately 1,085.58 hectares, providing a stronger platform to capture future residential and industrial growth opportunities.

The development will be undertaken by M Industrial Development Sdn. Bhd., a subsidiary in which Mah Sing holds a 60% stake, in collaboration with KLK Land Sdn. Bhd., which owns the remaining 40% equity. The land acquisition, valued at RM273.87 million based on an independent valuation of RM274.0 million, is seen as a mutually agreed transaction.

“

The support and confidence from shareholders reflect a shared conviction that the project is a strategic development that will strengthen the group's industrial portfolio.

This new industrial park is poised to strengthen Mah Sing's presence within the Johor-Singapore Special Economic Zone (JS-SEZ). The company aims to leverage the increasing demand from advanced manufacturing, logistics, technology, and digital infrastructure sectors. The project will expand Mah Sing's industrial footprint in the JS-SEZ, increasing its total landbank to approximately 1,085.58 hectares, providing a robust platform for future residential and industrial growth opportunities.

“

Johor is now emerging as one of the most attractive investment destinations in Southeast Asia, supported by the JS-SEZ, stronger cross-border connectivity, and increasing investments in high-value industries.

The MS Industrial Park @ Kulai is planned to offer a variety of facilities, including cluster, semi-detached, and detached factories, alongside vacant industrial plots ranging from 0.4 to 3.2 hectares. These plots are intended for specialized industrial needs, logistics hubs, and potential data center development, subject to relevant approvals. Mah Sing's Group Managing Director, Tan Sri Leong Hoy Kum, expressed confidence that the project's strategic location and the collaboration with KLK Land will attract quality investments and contribute positively to the company's future earnings.

“

Based on our track record in Johor and the strategic collaboration with KLK Land, we are confident that MS Industrial Park @ Kulai can attract quality investments and contribute positively to Mah Sing's future earnings and growth.