Shopee to increase investments in Malaysia

Shopee said its eCommerce platform will expand its footprint in Malaysia through a newly-constructed mega warehouse located at Bukit Raja, Klang.

PETALING JAYA: Singaporean global consumer Internet company Sea Ltd (Sea) through its eCommerce platform Shopee, has committed to expand its investments in Malaysia, creating more than 2,000 direct employment opportunities in the process.

In a statement, the Ministry of International Trade and Industry (Miti) said Sea had shared its proposed expansion plans in Malaysia, involving the setting up of cloud services, data hosting and processing, as well as a new logistics eCommerce warehouse.

“The cloud computing project will be located in a three-story green facility in Kulai, Johor, with 24 data hall suites, mechanical and engineering rooms, office space, as well as storage and parking facilities, targeted to be completed by the first quarter of 2024,” it said in a statement.

Additionally, its Shopee eCommerce platform will also expand its footprint in Malaysia through a newly-constructed mega warehouse located at Bukit Raja, Klang, it said.

“The two-storey, 1.4-million sq ft warehouse is an integrated hi-tech logistics park equipped with cloud infrastructure.

“The warehouse will be among the biggest logistics warehouses in Malaysia. Both projects are expected to create more than 2,000 direct job opportunities.”

Miti said to-date, Singapore is the second largest investor in the manufacturing sector in Malaysia with a total of 3,475 manufacturing projects in operation with investments amounting to RM96.36bil.

Miti minister Tengku Datuk Seri Zafrul Abdul Aziz is currently on a three-day investment mission to Singapore.

In the statement, Sea’s co-founder and group chief operating officer Ye Gang said this was a significant development not just for Sea but for the local digital ecosystem.

“We are grateful for the support of the Miti minister and his team for our expansion plans and business strategies. Our aim is to enable and support the growth of the overall ecosystem, empowering more players to benefit from the opportunities that this will create.”

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Shopee , ecommerce , SeaLtd , Singapore , Miti , expansion


Next In Business News

AmBank launches Auto Financing-i Murabahah Tawarruq for up to 100% financing
Oil lower as banking turmoil dampens sentiment
Cryptoverse: Bitcoin passes the bank stress test
Khazanah Nasional hopes for wider options to decide on MAG
AICB, GEFI to jointly to host Ethical Finance Asean 2023 Summit
CMM launches CVC programme to spur investments in MSMEs
Malaysian banks are well positioned to face potential asset quality deterioration - RAM Ratings
Oil lower as banking turmoil holds down sentiment
Scientex enters JV in foray into Indonesian property project
Bursa gains as bank stocks retrace losses

Others Also Read