Industrial Parks Developers to Step up Their Game
To Meet Requirements of Industry of the Future
28 August 2018, Johor Bharu – Industrial Park developers are urged to create substantive systemic change to ensure the enhancement and redevelopment of industrial parks in Malaysia are sustainably met.
“With the Industry 4.0 being underway, there is a critical need for the park developers to develop the next generation of industrial clusters that are well equipped with the state-of-the-art facilities and infrastructure to cater to the next wave of industries.The strengthening of our manufacturing ecosystem requires real actions and sustainable progress, and we need to be vigilant about our infrastructure being put in place as there is no any other way around it,” said Y.B. Dr. Ong Kian Ming, Deputy Minister of International Trade and Industry today.
Dr Ong highlighted that even though there are more than 500 industrial parks throughout the country, majority of these parks are not able to meet investors’ requirements. “Most companies, particularly foreign investors are becoming more demanding as they require not only a good infrastructure for the manufacturing park but also the amenities within the self-contained township with eco-friendly features and of international standards,” he said.
The Deputy Minister of MITI made the call at the Industrial Park Forum for Southern Region held at Holiday Villa Hotel, Johor Bharu today. The second event of the series takes on the theme of “Strengthening the Manufacturing Ecosystem”.
Also speaking at the event, Mr. Arham Abdul Rahman, Deputy CEO of MIDA said, “Industrial parks are the key elements of infrastructure that support the growth of today’s global economy. A well-developed park can be an incubator to attract high quality investments into the country, and hence,we have to re-engineer our industrial parks to meet the demand of investors.”
“There is a great need to have a single body or authority to oversee and regulate the industrial parks and assist potential investors in identifying suitable locations to place their facilities,” he continued.
The joint event, organised by the Malaysian Investment Development Authority (MIDA) and the Federation of Malaysian Manufacturers (FMM), was well attended by various stakeholders includingbusiness chambers, local authorities, park developers & managers, utility companies, manufacturers and potential investors.
The Forum featured a panel discussion by a broad range of speakers from UEM Sunrise Berhad, Sime Darby Property Berhad, Iskandar Halal Park, AME Development, Malaysian French Chamber of Commerce Industry, Hersheys Malaysia, i2m Ventures, Almer Malaysia, Telekom Malaysia and Tenaga Nasional Berhad (TNB).
It was also announced that MIDA and FMM will be publishing a Directory of Industrial Parks in Malaysia that will serve as a single reference point for investors and industry players to identify suitable locations for their facilities. The Directory, which is expected to be finalised and published after the completion of the Industrial Park Forum series will entail all available industrial parks in Malaysia, by state in terms of type, size and price to assist investors make well-informed business decisions.
For more information, please contact:
Mr. Ahmad Tajudin Omar
Director, Domestic Investment and Supply Chain Coordination Division, MIDA
Tel.: 03-2267 3627 | Email: [email protected]