Kota Puteri GRIP set to attract RM8 bln investments - MIDA | Malaysian Investment Development Authority
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Kota Puteri GRIP set to attract RM8 bln investments

Kota Puteri GRIP set to attract RM8 bln investments

25 Jul 2023

The Kota Puteri Green Industrial Park (GRIP) project developed by the Selangor State Development Corporation (PKNS) is expected to attract RM8 billion investments and create up to 5,000 job opportunities.

PKNS chief executive officer Datuk Mahmud Abbas said the development of the 150.8-hectare site in Sections 11 and 12, Kota Puteri would attract investors as its location is easily accessible and not far from Port Klang.

He said the project was also recognised as a managed industrial park which was developed based on the centralised and gated concept.

“With this status, several incentives can be used by manufacturers to become more competitive and green,” he said at the launch of Kota Puteri GRIP here today.

Mahmud said the project with a gross development value (GDV) of RM2 billion would have various infrastructures to ensure the area is sustainable.

He said 10 elements would be developed to support environmental, social and governance-based industrial activities, including a centralised employee dormitory, electric vehicle charging stations, a water-themed recreation park and a centralised control centre.

“Kota Puteri GRIP is also part of the Kota Puteri municipal ecosystem which contains about 9,000 housing units,” he said.

Meanwhile, Selangor Menteri Besar Datuk Seri Amirudin Shari who launched the project said the development had demonstrated PKNS’s ability to diversify investments and create a livable industrial city.

He said developing Kota Puteri GRIP and such parks can ensure that Selangor’s economy continues to be competitive and become the largest contributor to Malaysia’s Gross Domestic Product.

“The concept featured here is a managed industrial park, in line with the state government’s initiative to encourage similar parks in Selangor with the launch of several incentives announced under the Integrated Development Region in South Selangor (Idriss).

“This is a positive development as we create job opportunities and attract investments.

“Furthermore, PKNS offers a complete network and ecosystem via providing housing and other infrastructures such as healthcare in an industrial township,” he said.

Idriss is one of the agendas contained in the First Selangor Plan which covers an area of approximately 20,000 hectares with an estimated GDV of RM1 trillion.

Amirudin said 200 factories are expected to be built to accommodate micro, small and medium enterprises and large companies after the three phases of Kota Puteri GRIP are completed in 2027.

He said the first phase of development involving a 48-hectare site is expected to begin at the end of this year once planning permission approval from the local authority is obtained.

“We will complete the first phase immediately. We expect the completion to take place in two to three years. If the response is good, I think we can begin the second phase by the end of next year,” he added.

Source: Bernama