GM Klang Wholesale City set to become international hub for wholesaling

KLANG (June 12): Property developer TSI Group Malaysia is confident its largest wholesale city mega project at Bandar Botanic here will become an international hub for wholesaling in the coming years driven by strong local and foreign support, said group managing director Datuk Lim Seng Kok.

He said the GM Klang Wholesale City development would play a vital role in strengthening regional trade relations and effectively bridging the supply chain gaps across the region.

"We have carefully planned to have a strong mix of wholesalers and facilities at GM Klang Wholesale City once it is completed.  

"With its strategic location and given the fact that Malaysia is situated in the heart of Asean region, we are confident that the development can realise its goal of becoming an international wholesale hub in the years to come," he said at a press conference after the tenancy agreement signing ceremony between GM Klang and 200 new tenants of phase two of the project, here on Monday.

Selangor Menteri Besar Tan Sri Abdul Khalid Ibrahim and state executive councillor in charge of investment Teresa Kok witnessed the ceremony.

GM Klang Wholesale City, built on 5.86 hectares of land and divided into four phases, is set to become the most comprehensive wholesale and trade hub in the Asean region with a forecast annual turnover of more than RM1 billion.

Upon full completion, the project will house more than 3,000 units of wholesale shops with a gross floor area of over two million sq ft for traders, retailers, distributors, agents and manufacturers of various type of goods and products.

Phase one of the project, which commenced operations in 2009, offered 330 units of wholesale shops selling small merchandise ranging from apparels to IT products with total area of more than 90,000 sq ft.

Phase two, comprising 750 wholesale shops, is slated for completion and begin operations in October this year.

Lim said GM Klang will slowly expand its wholesale city project based on profits made by the wholesalers as it regarded them as very important business partners.

Meanwhile, in his speech, Abdul Khalid said the wholesale city project has addressed a strong need for a wholesale hub in the country particularly in Selangor.

"With its strategic location and superb nearby logistical support, it can serve the needs of countries in Asean and Asia and become an international gateway for trade," he said, adding the project has the potential to boost Halal trade and marketing in the country. — Bernama