Partnership announced for large-scale industrial development in Johor’s Kulai district
KUALA LUMPUR (Dec 19) – Mah Sing Group Bhd and a subsidiary of Kuala Lumpur Kepong Bhd (KLK) have formalised a joint venture to acquire and develop a strategic 419.15-acre industrial land parcel in Kulai. The site sits within the Johor-Singapore Special Economic Zone (JS-SEZ). The agreement represents a significant investment of approximately RM274 million. It targets an estimated gross development value (GDV) of RM2.26 billion. The initiative aligns with Malaysia’s efforts to boost industrial growth. It also leverages Johor’s proximity to Singapore, key transport infrastructure, and major ports. As a result, the project reinforces the area’s role in regional supply chains and logistics networks. The development, known as MahSing Kulai Park, is expected to strengthen Kulai’s appeal as an integrated industrial and logistics hub in southern Johor.
Official statements highlight development scope and operational management structure at MahSing Kulai Park
According to a filing on Bursa Malaysia, Mah Sing’s wholly owned subsidiary, Nova Legend Development Sdn Bhd, will hold a 60% stake in the newly formed joint venture entity, M Industrial Development Sdn Bhd. Meanwhile, KLK Land Sdn Bhd will retain the remaining 40% stake. The parties structured the land acquisition through a conditional sale and purchase agreement with Aura Muhibbah Sdn Bhd. Aura Muhibbah is a fully owned subsidiary of KLK. In addition, the industrial park, branded as MS Industrial Park @ Kulai, occupies a strategic location. It sits near Senai International Airport, the North-South Expressway, and major seaports in Johor. These factors support efficient logistics operations and transport connectivity.
Official statements highlight development scope and operational management structure of MahSing Kulai Park
Mah Sing will oversee the planning, development, and execution phases through a project management agreement with Southville City Sdn Bhd. Southville City is another wholly owned subsidiary of the group. The integrated industrial park will include cluster factories, semi-detached units, and detached factory buildings. Furthermore, the plan allocates vacant land for logistics hubs, warehouses, and ancillary industrial facilities. Both parties emphasised that the project aligns with the New Industrial Master Plan 2030. At the same time, it supports Malaysia’s broader industrial policy framework. This framework aims to enhance competitiveness and strengthen value chain integration.
Industry experts and market participants monitor development amid growing interest in JS-SEZ
Meanwhile, the collaboration between Mah Sing and KLK has attracted attention among market observers and on social media platforms. Many observers note the project’s potential to stimulate economic activity in Johor. The impact is expected mainly in industrial and logistics sectors. Analysts also highlight that Kulai and the wider Johor-Singapore Special Economic Zone remain key growth corridors. These corridors support Malaysia’s industrial development targets. Moreover, observers view the move as part of a broader trend. Integrated industrial parks are increasingly preferred. They cluster manufacturing and supply chain activities, which improves efficiency and logistics connectivity.
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In the short term, the project is expected to increase construction and engineering activities in Kulai. Consequently, traffic flow may face temporary pressure. This situation will require coordination with local authorities to ensure safety and minimal disruption. Over the longer term, the development aligns with Malaysia’s industrial planning trends. These trends emphasise multi-functional industrial ecosystems. They integrate manufacturing, logistics, and commercial functions. As a result, MS Industrial Park @ Kulai is expected to support employment growth. It may also strengthen supplier networks and set higher benchmarks for safety standards and infrastructure quality. These outcomes align with national guidelines.
Location: KUALA LUMPUR
Date: 2025-12-19
