Smart industrial park in Sepang - MIDA | Malaysian Investment Development Authority
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Smart industrial park in Sepang

Smart industrial park in Sepang

11 Apr 2023

The NCT Smart Industrial Park (NSIP) project is set to become the next industrial powerhouse in Selangor.

Spanning some 300ha in Sepang, the project of RM10bil in gross development value (GDV) is expected to be completed in 2033.

Phase one covering 93ha is scheduled for completion in 2025, with some 40% of units already booked.

There are three phases in total and the first phase worth RM2bil in GDV will comprise around 100 units and 27 factory plots.

NSIP is sited in the Integrated Development Region in South Selangor (Idriss) zone, an initiative under the First Selangor Plan 2021-2025.

Idriss is Selangor’s strategic blueprint aimed at transforming parts of Sepang and Kuala Langat districts into a regional hub for industry.

NCT Group of Companies founder and managing director Datuk Seri Yap Ngan Choy said the new industrial park would draw foreign investment.

He said the project had already received interest from investors in the United States, China and South Korea, among others.

“This development shows the strong partnership between NCT Group and Selangor government in promoting growth in the state.

“We are proud to be Malaysia’s first managed industrial park,” he said during the project’s groundbreaking ceremony.

A managed industrial park is a gated industrial area with shared facilities placed under a single management.

Ngan Choy said the project incorporated solar power, rainwater harvesting and a waste management system to reduce its environmental footprint.

He thanked Malaysian Investment Development Authority (Mida) and Invest Selangor, the state’s investment arm, for their support.

NCT, in a statement, said the industrial park was expected to create 50,000 jobs during and after construction.

“NSIP will host various services by Invest Selangor, Mida, HRD Corp, Socso and Kuala Langat Municipal Council.

“The park will also have a commercial centre and quarters capable of housing up to 30,000 workers,” it added.

Selangor Mentri Besar Datuk Seri Amirudin Shari said the project marked a successful partnership between Selangor and the private sector.

He expressed confidence it would enhance the state’s economic output, boosting its contribution towards the national gross domestic product (GDP).

“The state contributed 24.3% to national GDP in 2020 and managed to increase this to 24.8% in 2021 (despite the Covid-19 pandemic).

“We are confident of achieving 26% to 27% contribution to the national GDP in the next five years,” he added.

Also present at the ground- breaking ceremony were Selangor Speaker Ng Suee Lim and NCT Group executive director Datuk Yap Fook Choy.

Source: The Star