What investment is MRCB injecting into Chuping Valley Industrial Area?

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MRCB is investing RM100 million into the Chuping Valley Industrial Area for an electronics factory facility.

This investment by Malaysian Resources Corporation Bhd (MRCB) is aimed at developing a new electronics factory facility within the Chuping Valley Industrial Area (CVIA). The project is being undertaken on a build-and-lease concept and is expected to be completed by September 2024. Upon completion, the facility will be handed over to a US Fortune 500 company for operational commencement.
Investment Scale and Purpose
The total investment allocated for this electronics factory facility amounts to RM100 million. This capital injection is intended to establish a state-of-the-art manufacturing site designed to attract foreign expertise and operations into the CVIA.
Project Timeline and Handover
Development of the facility has already commenced, with a projected completion date set for September 2024. Following its completion, MRCB will hand over the factory within six months to a prominent US Fortune 500 company, enabling them to initiate their manufacturing activities.
Economic Impact and Job Creation
Beyond the initial investment, the project is anticipated to generate significant economic benefits for the region. In its initial phase, the factory is expected to create between 200 to 300 job opportunities, contributing to the local employment landscape and potentially improving the living standards of the people in Perlis.
Development Model
MRCB is developing this facility under a build-and-lease model. This approach allows the company to construct the infrastructure and then lease it to the end-user, the US Fortune 500 company, facilitating foreign direct investment and the transfer of advanced manufacturing capabilities.

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What investment is MRCB injecting into Chuping Valley Industrial Area?

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