NCT Group of Companies has inked a Joint Development Agreement (JDA) with Northern Gateway Group of Companies (NGX), a wholly- owned subsidiary of Minister of Finance Inc. to develop an approximately 127 acres commercial and industrial land at Delapan Special Border Economic Zone in Bukit Kayu Hitam, Kedah.
This new project will see NCT Group apply its expertise and successes within Delapan targeting key high-tech industries including semiconductor, electrical and electronic (E&E) and smart logistics, among others.
The Group will be responsible in handling the end-to-end project development from design conceptualisation, physical development, ecosystem development and marketings, while NGX will oversee primary infrastructure and utilities developments, joint marketing efforts and regulatory approvals.
The project is expected to complete within six years, in line with the Government’s policy to strengthen Malaysia’s position as a strategic gateway for border trade within ASEAN regions and beyond.
Dato’ Sri Yap Ngan Choy, Founder and Group Managing Director of NCT Group said, “We are pleased to forge this partnership with NGX, marking a monumental leap forward for NCT Group as we apply our extensive experience from the NSIP
development in Selangor to the Delapan project in Kedah. This collaboration opens up numerous opportunities to utilise clean electrification and solar energy solutions that set new standards for eco-friendly industrial zones as evident with NSIP.
Delapan, strategically positioned as a key logistics hub near the Thailand border and the Penang Port, is integral to Malaysia’s economic strategy aimed at enhancing regional trade dynamics. This development is expected to optimise the utilisation of Penang Port and tap into the USD 30 billion annual trade with Thailand, where 70% of transactions occur at the border, by providing efficient, and uninterrupted access to global markets via road transportation and terrestrial networks without unpredictable delays as a result of the situation at the South China Sea. This alignment with the government’s broader economic development plans will bolster trade flows and stimulate significant regional economic growth.