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Sea's proposed expansion plans in Malaysia also involve the setting up of cloud services, as well as a new logistics e-commerce warehouse.
Sea, a Singapore-based consumer internet company, has committed to expand its investments in Malaysia, creating more than 2,000 direct employment in the process, through its e-commerce platform Shopee.
This decision was shared with the Minister of International Trade and Industry (MITI), YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, during his official visit to Sea HQ in Singapore on 29 January 2023, where Shopee’s headquarters is also located. The Group shared its proposed expansion plans in Malaysia also involve the setting up of cloud services, data hosting and processing, as well as a new logistics e-commerce warehouse.
The cloud computing project will be located in a three-storey green facility in Kulai, Johor, with 24 data hall suites, M&E rooms, office space, as well as storage and parking facilities, targeted to be completed by the first quarter of 2024. Additionally, its Shopee e-commerce platform will also expand its footprint in Malaysia through a newly-constructed mega warehouse located at Bukit Raja, Klang. The two-story, 1.4mn square-foot warehouse is an integrated logistics park equipped with cloud infrastructure. Per MITI's statement, the warehouse will be among the biggest logistics warehouses in Malaysia.
Together, these two projects are expected to create more than 2,000 direct job opportunities.
Commenting on the fresh FDI, Tengku Zafrul said: "SEA’s decision to expand its investment footprint in Malaysia clearly reflects its confidence in the prospects, as well as the operational and policy stability of Malaysia’s business landscape. Their planned FDI in cloud computing and hi-tech warehousing are set to create 2,000 new jobs for our people, which will also help us upskill our human capital, while enhancing national productivity and competitiveness in the long run.
"We are also expecting positive spill over effects for our SMEs, corporates and the surrounding local communities. This includes local sourcing, vendor development and the strengthening of local industrial ecosystem particularly in the digital space."
Ye Gang, Sea’s Co-founder & Group Chief Operating Officer added: "We are grateful for the support of the Minister of International Trade and Industry [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. We are also committed to supporting the creation of more employment opportunities that will drive Malaysia’s economic growth."
Sea operates three core businesses across digital entertainment, ecommerce, as well as digital payments and financial services through Garena, Shopee, and SeaMoney.
Lead image / Minister of International Trade and Industry YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz Facebook
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