NCT Group of Companies (NCT Group) has signed a memorandum of understanding (MoU) with RHB Banking Group to provide RHB SME Sustainable Financing Schemes to buyers of NCT Group’s NCT Smart Industrial Park in Sepang, Selangor. This marks a significant step forward in the adoption of green financing for industrial developments in Malaysia.
According to Datuk Seri Yap Ngan Choy, founder and group managing director of NCT Group, this partnership demonstrates the company’s dedication to sustainable development. He stated, “This partnership with RHB Banking Group is a significant milestone in our ongoing commitment to sustainable development. As the first industrial park in Selangor to enter such an agreement, we are pioneering a new standard for green financing in the industrial sector.”
Green Financing Benefits for Buyers
The collaboration between NCT Group and RHB Banking Group offers significant benefits for the customers of NCT Smart Industrial Park. Buyers will have access to up to 90% financing with an attractive interest rate of 3.9%. This agreement marks the first instance where an industrial park in Selangor offers access to RHB’s array of green financing schemes.
Jeffrey Ng Eow Oo, managing director of group community banking at RHB, emphasized the bank’s commitment to supporting sustainable business practices. “RHB is proud to be the pioneering bank with NCT Group to deliver our comprehensive suite of green financing solutions to the NCT Smart Industrial Park customers. This collaboration not only provides businesses with access to green financing options such as Green Energy, Green Buildings, Green Products, and Green Processes, but also exemplifies our commitment to driving sustainable business practices across the industry.”
Green Features of NCT Smart Industrial Park
The NCT Smart Industrial Park is designed with sustainability in mind and is GreenRE-certified. The development integrates various eco-friendly features aimed at reducing carbon footprints and promoting sustainable operations. Some of the key green elements include:
- Energy-efficient building designs
- Solar panel installations
- Advanced waste management systems
- Solar solutions for purchasers
These features align with the park’s goal of becoming a net-zero carbon industrial park by 2050. By incorporating sustainable technologies and practices, the NCT Smart Industrial Park is set to provide businesses with a platform to reduce their environmental impact while enjoying the financial benefits of green financing.
A Milestone for Green Industrial Financing
The partnership between NCT Group and RHB Banking Group sets a new precedent for green financing in the industrial sector, especially in Selangor. It provides businesses operating within the NCT Smart Industrial Park access to a wide range of green financing solutions, encouraging the adoption of sustainable business practices and supporting the transition to a low-carbon economy.
The collaboration reflects a growing trend in Malaysia toward sustainable development, where businesses are increasingly recognizing the value of integrating green technologies into their operations. Through initiatives like this, both NCT Group and RHB Banking Group aim to promote environmental responsibility and contribute to Malaysia’s goal of achieving net-zero carbon emissions by 2050.
In summary, the partnership between NCT Group and RHB Banking Group offers buyers of NCT Smart Industrial Park significant green financing opportunities, supporting businesses in their pursuit of sustainability and reducing carbon footprints. As the first industrial park in Selangor to offer such green financing schemes, NCT Smart Industrial Park is poised to lead the way in sustainable industrial development in Malaysia.
