Selangor Industrial Corporation

What Selangor Industrial Corporation does

Selangor Industrial Corporation (SIC) is a Malaysian diversified commercial entity and a subsidiary of PKNS, the Selangor state development agency. Founded in 1985 and headquartered in Shah Alam, Selangor, SIC operates across three legacy business lines: project development, construction materials commerce, and insurance. The company serves Malaysian state-linked and commercial clients through these activities, with a headcount of 11-50 employees. SIC's business model in the legacy operations revolves around project execution, supply of construction inputs, and risk-bearing insurance products, with revenue generated through project contracts, materials sales, and premium underwriting. State ownership via PKNS provides institutional credibility and access to state infrastructure pipelines.

In June 2026, SIC announced a strategic expansion into digital infrastructure through a 50-50 joint venture with DC Union, forming SQDC (Selangor Quantum Data Centre). The JV is developing a 65MW data center campus on 5.2 hectares in Cyberjaya, Selangor, with a total committed investment of RM2.5 billion (approximately $604 million). The campus will deploy immersion cooling technology as its core thermal architecture, positioning the facility for high-density AI, HPC, and next-generation compute workloads. The project is in pre-development phase, with no announced anchor tenants or operational date disclosed. Leadership comprises CEO Wan Muhd Hisham bin Wan Hawari, Chief Corporate Officer Mazlina Merican, and CFO Norazlina Mansorz. The move represents a material pivot from SIC's traditional construction and insurance base into hyperscale-grade digital infrastructure, leveraging state land allocation in Malaysia's primary data center corridor.

Name

Selangor Industrial Corporation

Legal name

Selangor Industrial Corporation

Website

https://sic.com.my

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

11–50 employees

Short description

Selangor Industrial Corporation is a PKNS (Selangor state development agency) subsidiary that runs project development, construction materials trading, and insurance operations, and is expanding into hyperscale data center infrastructure through its SQDC joint venture in Cyberjaya.

Ownership category

akta.pro rank

Product category

Project Development & Construction Services

akta.pro industry

PRIMARYHDABACAB

Wholesale Colocation (Powered Shells / Suites)

Hardware, Technology & Telecom/Cloud & Data Center Infrastructure/Data Center Facilities & Colocation

SECONDARYIMAFAIAG

Data Center Construction (New Build Shell/Core & Fit-Out)

Industrials, Manufacturing & Construction/Construction & Civil Engineering/Telecom & Data Infrastructure Construction (Fiber, Towers, Data Centers)

Keywords

• Data center development
• Construction material commerce
• Project development services
• Immersion cooling technology
• Digital infrastructure

Headquarters

HQ city

Shah Alam

HQ country

Malaysia

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Supply Chain, Technology or R&D, Personnel, Operations

Core offering

Selangor Industrial Corporation (SIC) is a multi-faceted firm engaged in project development, construction material commerce, and insurance. It is now expanding into data center development through a joint venture (SQDC) with DC Union to build a 65MW immersion-cooled data center campus in Cyberjaya, Selangor, backed by a RM2.5 billion ($604 million) investment on a 5.2-hectare site.

Differentiator

Problem solved

Functional benefit

Products and services

• SQDC Data Center Campus (Cyberjaya) 65MW data center colocation and digital infrastructure campus developed under the SQDC joint venture in Cyberjaya, Selangor, featuring immersion cooling technology for high-density computing workloads, targeted at data center operators and digital infrastructure clients requiring advanced energy-efficient capacity in Malaysia.
• Project Development Services Project development services delivered to commercial and government clients, including development of industrial and digital infrastructure assets.
• Construction Material Commerce Commerce in construction materials supplied to construction and infrastructure projects.
• Insurance Services Insurance services offered as part of SIC's diversified commercial portfolio.

Segments1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered core and flagship.

• DC UnioncoreStrategic or Co-development PartnerSelangor Industrial Corporation signed a joint venture agreement with domestic data center developer DC Union to form SQDC (a joint venture entity) for developing a 65MW data center campus in Cyberjaya, Selangor. The partnership combines SIC's connection to state development agency PKNS with DC Union's expertise as a domestic data center developer.
• PKNS (Perbadanan Kemajuan Negeri Selangor)flagshipOthersSelangor Industrial Corporation is a subsidiary of PKNS, Malaysia's state development agency for Selangor. This parent-subsidiary relationship provides institutional backing and alignment with state development objectives for digital infrastructure projects.

Scale indicators3 records

Recent moves3 records

Expansion highlights5 records

Broad incumbents

• Digital Realty: Global hyperscale and enterprise colocation provider with Asia-Pacific footprint. Comparable as a broad incumbent competing for the same hyperscale anchor tenants evaluating Malaysian sites.
• Equinix: Global colocation incumbent with Malaysian presence. Comparable as a large, diversified operator whose enterprise interconnect and IBX ecosystem compete for the same cross-border and cloud-on-ramp workloads in Malaysia.
• Iron Mountain Data Centers: Global data center operator with expanding APAC footprint. Comparable as a broad incumbent targeting enterprise and hyperscale tenants in Southeast Asia.
• ST Telemedia: Singapore-headquartered data center operator with regional Southeast Asian assets. Comparable as a regional incumbent pursuing the same ASEAN hyperscale demand pool.

Direct peers

• VADS Berhad: Telekom Malaysia's data center arm operating multiple Malaysian facilities. Directly comparable as a domestic data center operator serving enterprise and public-sector clients with similar geographic exposure.
• YTL Data Center Holdings: Subsidiary of YTL Power International developing and operating data center campuses in Malaysia, including in Cyberjaya. Directly comparable as a Malaysian DC operator pursuing hyperscale and enterprise tenants in the same Selangor corridor.
• Bridge Data Centres: Operates wholesale colocation campuses across Malaysia (including Cyberjaya) with hyperscale-aligned capacity. Directly comparable as a Malaysian wholesale DC operator competing for the same anchor tenants.
• NTT Data (Global Data Centers): Operates the Cyberjaya flagship data center campus and broader Malaysian footprint. Directly comparable as a global operator with active Malaysian wholesale colocation capacity in the same Cyberjaya market.

Emerging players

• EdgeConneX: Specialist wholesale and hyperscale data center operator expanding in Asia-Pacific. Comparable as a niche-scale operator competing for similar build-to-suit hyperscale opportunities in Malaysia.
• K2 Data Centres: Emerging Malaysian and Southeast Asian data center operator focused on hyperscale-aligned builds. Comparable as a regional emerging player pursuing the same Malaysian anchor-tenant market.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/selangor-industrial-corporation-sdn-bhd

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Selangor Industrial Corporation