Mah Sing Group and The South Sea Capital have teamed up to create a joint venture called Mah Sing South Sea Industrial Development Sdn Bhd (MSSSID) to leverage the growing foreign direct investments (FDI) in Malaysia.
This strategic move aims to capitalize on Malaysia’s attractiveness to international investors. Mr Sun Jian Wei, the Executive President of the Malaysia JiangSu Entrepreneurs Business Association and Chairman/Founder of TSSC, will lead MSSSID as its Chairman, while Benjamin Ong, Mah Sing’s Property Subsidiaries CEO, will serve as CEO.
MSSSID’s focus will encompass various aspects of industrial real estate property development, including land acquisition, ownership, operation, management, leasing, property consultancy, valuation, design, construction, development management, marketing, sales, and customization to investors’ needs. This comprehensive approach aims to cater to the needs of businesses looking to establish manufacturing facilities in Malaysia.
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Industrial Real Estate
In 2022, Malaysia attracted RM264.6 billion in approved investments, with foreign direct investment (FDI) accounting for a significant portion at RM163.3 billion. China was a major contributor, with RM55.4 billion of investments in Malaysia.
Mah Sing’s Founder and Group Managing Director, Tan Sri Dato’ Sri Leong Hoy Kum, expressed confidence in Malaysia as a preferred destination for manufacturers looking to expand their operations. He highlighted Mah Sing’s extensive experience in property development and manufacturing expertise, positioning the company as an ideal partner for enterprises seeking to invest and grow in the region.
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