The parent company of Shopee, a Singapore-based e-commerce giant Sea, has promised to increase its investments in Malaysia, generating over 2,000 new jobs in the process.
Shopee is the largest pan-regional e-commerce platform in Southeast Asia and Taiwan.
Tengku Zafrul Aziz, Malaysia’s Minister of International Trade and Industry, made this announcement on Sunday while paying a formal visit to the company’s Singapore headquarters on 29th January 2023.
The company’s trust in the possibilities, as well as the operational and policy stability of the nation’s economic landscape, is reflected in Sea’s decision to increase its investment footprint in Malaysia, he continued.
Sea presented its projected development plans in Malaysia, which include the establishment of cloud computing services, data storage and processing, as well as a new logistics e-commerce warehouse, with the minister during his visit.
The three-story Kulai town in Johor will house the cloud computing project, according to the Malaysian Ministry of International Trade and Industry (MITI).
By the first quarter of 2024, it should be completed, and it will contain 24 data hall suites, mechanical and electrical rooms, office space, as well as storage and parking facilities.
Additionally, Shopee will increase its presence in Malaysia with the construction of a brand-new, two-story mega warehouse in Bukit Raja, Klang. This facility is a cloud-equipped, integrated high-tech logistics park that spans 130,000 square meters.
“More than 2,000 new jobs for our people are expected to be created as a result of their planned foreign direct investment in cloud computing and high-tech warehousing, which will also help us to upskill our human capital and, in the long term, increase national productivity and competitiveness. Additionally, we anticipate beneficial spillover effects for our small and medium-sized businesses, corporations, and the neighbourhood local communities. This covers local vendor development, sourcing locally, and bolstering the local industry environment, notably in the digital sector,” said Tengku Zafrul.
Meanwhile, Gang Ye, co-founder of Sea and group COO, shared that this decision was a significant development for both the business and the regional digital ecosystem.