NCT Group inks four collaborations to boost NSIP project

• NCT said it had entered into a Memorandum of Business Exploration (MOBE) with AmBank group and UOB Malaysia Bhd, aimed at promoting sustainable development by offering dedicated financing packages to NCT Group’s end-buyers for its upcoming NSIP project.

KUALA LUMPUR (Sept 15): NCT Group of Companies (NCT) has entered into four synergistic collaborations to further strengthen its value proposition for the upcoming NCT Smart Industrial Park (NSIP) project.

In a statement on Thursday (Sept 15), NCT said it had entered into a Memorandum of Business Exploration (MOBE) with AmBank group and UOB Malaysia Bhd, aimed at promoting sustainable development by offering dedicated financing packages to NCT Group’s end-buyers for its upcoming NSIP project.

It said these packages include IR 4.0, Capex, ESG and Working Capital, among others.

It also signed a memorandum of understanding with the Malaysia-China Chamber of Commerce (MCCC) to leverage on MCCC’s forte in attracting investors from China and other Asean countries to invest in NCT’s properties and development products under the NSIP project.

NCT also signed a letter of business exploration (LBE) with Samaiden Group Bhd, which will see the latter construct facilities and installations to provide eco-efficient solutions for NSIP, such as biomass energy with Grid-Connected Biomass power plant systems to generate electricity.

The developer said that in order to attract foreign direct investment, investors recommended by MCCC will also be eligible for additional promotional privileges and discounts.

NCT founder and group managing director Datuk Sri Yap Ngan Choy said the collaborations are crucial, as the company focused on creating a strong foundation, in line with plans for the NSIP development.

“As we aim to provide the best infrastructure and amenities for prospective clients, we are committed to ensuring that our project thrives on environmentally friendly and sustainable efforts, aligned with our philosophy of converging technology in harmony with nature.

“To this end, we are always on the lookout for forward-driven partners with an eye for innovation in eco-tech.

“With the signing of these collaborations, we are confident that NSIP will become a game-changer for tech-led, environmentally sustainable development,” he said.