PETALING JAYA: Negri Sembilan is well-positioned to become an industrial powerhouse, with its proximity to Greater Kuala Lumpur and expanding infrastructure expected to draw more high-value manufacturing and technology investments.
The state’s growing investment pipeline could also create wider opportunities for property developers, contractors and infrastructure players as industrial activity gathers pace.
As such, RHB Research said it remained “overweight” on the property and infrastructure sectors, citing Negri Sembilan’s competitive industrial land, improving connectivity and expanding semiconductor ecosystem as key catalysts for the state’s next phase of development.
“Negri Sembilan is emerging as Malaysia’s next industrial growth frontier, leveraging on its strategic proximity to Greater Kuala Lumpur, competitive industrial land, improving infrastructure, and expanding semiconductor ecosystem.”
It noted that the manufacturing sector contributed 37.4% to the state’s gross domestic product in 2025, second only to services at 53.3%. This established industrial base has helped Negri Sembilan attract RM3.4bil of approved foreign investments in the first half of 2026, compared with RM4.4bil for 2025.
RHB Research said the investment inflows were well supported by the state’s industrial parks, including SPD Tech Valley and Negri Sembilan Semiconductor Valley, which are part of Malaysia Vision Valley (MVV) 2.0. The development corridor spans about 379,000 acres across Seremban and Port Dickson, providing a platform for further industrial expansion.
From the property angle, Eco World Development Group Bhd
(EcoWorld Malaysia), Matrix Concepts Holdings Bhd (MCH) and IJM Corp Bhd are among the key beneficiaries, RHB Research said.
EcoWorld Malaysia acquired 1,195 acres in Port Dickson in September 2025 and is jointly developing the land with SD Guthrie Bhd and Negri Sembilan Corp into Eco Business Park 7.
