SPD Tech Valley, CIMB sign MoU

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Ten (right) and Ahmad (left) holding the MoU documents as Aminuddin looks on.

Ten (right) and Ahmad (left) holding the MoU documents as Aminuddin looks on.

SENAWANG: SPD Tech Valley Sdn Bhd has signed a memorandum of understanding (MoU) with CIMB Bank Bhd and CIMB Islamic Bank Bhd to foster further growth for SPD Tech Valley Industrial Park through strategic financial support.

Witnessed by Negeri Sembilan Chief Minister Datuk Seri Utama Aminuddin Harun, the partnership aims to provide comprehensive financial solutions to investors setting up operations in SPD Tech Valley. CIMB will offer specialised financial products tailored to the unique needs of the industrial sector, facilitating smoother and more efficient industrial activities. Key goals of the collaboration include:

  • Offering financial solutions designed specifically for the requirements of industrial investors.
  • Providing expert financial advisory services to help investors make informed decisions.
  • Supporting sustainable financing initiatives to promote eco-friendly industrial practices.
  • Providing tailored financing options to support the initial setup and ongoing expansion of industrial operations within SPD Tech Valley.

SPD Tech Valley chief executive officer Ten Wee Seong said: “Our collaboration with CIMB is pivotal in ensuring our investors have the necessary financial backing to succeed. This partnership will undoubtedly drive efficiency and success in industrial operations within SPD Tech Valley."

CIMB Group commercial and transaction banking co-chief executive officer Ahmad Shazli Kamarulzaman added: "CIMB will continue to provide financial solutions that address businesses’ evolving needs. Our collaboration with SPD Tech underscores our commitment to supporting the industrial sector's development through tailored financing solutions, enabling investors to expand their operations and contribute to the region's economic growth."


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