Malaysian Investment Development Authority (MIDA) has collaborated with Federation of Malaysian Manufacturers (FMM) hosted the inaugural  Industrial Park Forum for Central Region which saw 200 participants

The participants represent the entire spectrum of relevant stakeholders, from local authorities, park developers & managers, utility companies, manufacturers and potential investors.

“Successful industrial parks can be centres of growth and innovation, support local development and contribute to the advancement of the national economy. 

“Thus, development of industrial parks is an important issue that needs to be addressed accordingly as we step up our game to ensure Malaysia remains among the top destination for investments in the region,” said Datuk Seri Ong Ka Chuan, second minister of International Trade and Industry (MITI) during the forum. 

The, he said, country needs to develop industrial parks that are ready to receive quality investments and meet the complex needs of investors. 

“Failure to meeting this requirements can lead to loss of business opportunities for the industrial parks’ developers and on a larger context, may risk Malaysia of being sidelined when it comes to attracting quality investments.

“All park developers and managers need to seize the wave of industries that are coming into Malaysia by providing the next generation industrial parks. 

“In realising this aspiration, I would like to urge the local authorities, technical agencies and utility providers to also come on board as these entities are important in building comprehensive industrial parks for investors,” Ong added. 

Looking at the business trends today, Datuk Azman, chief executive officer of MIDA said believes that in order to attract more quality investments, we have to move faster by re-engineering our industrial parks to meet the demands of new emerging markets and industries. 

“Presence of well-developed industrial parks can be a magnet to attract high value added investments, thereby creating high income jobs for the people. 

“Being the first point of contact for investors, MIDA will take the lead as the authority to oversee the performance and regulate the industrial parks; as well as to assist potential investors in identifying suitable locations to place their facilities,” he said.

 The Industrial Park Forum for Central Region marks the first of its series and more will be organised throughout the year in the northern and southern regions as well as East Malaysia. 

By the end of the roadshow, MIDA and FMM will publish a Directory of Industrial Parks in Malaysia.

The Forum featured a panel discussion with broad range of speakers representing developers (MIDF Property Berhad, Matrix Concepts Holdings & Eco World Development Group Berhad, and UMW Land Sdn. Bhd.), investors (European Union-Malaysia Chamber of Commerce and Industry, Japan External Trade Organization (JETRO) Kuala Lumpur & Asli Mechanical Sdn. Bhd.), local councils and utility companies. 

This was then followed by a one-on-one engagement with developers and biz clinics with the utility companies, as well as financial institutions.

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