Malaysia's prime geographical position has established the country as a top Halal investment hub. The Halal Development Corporation (HDC) has earmarked 14 strategic locations for Halal Malaysia (HALMAS) industrial parks, spanning a total area of 200,000 acres. These parks offer investors and industry players significant opportunities to capitalize on the burgeoning markets in emerging Asia.

The HALMAS accreditation is awarded to halal park operators who meet the standards set by the HDC-designated halal park development. Holding HALMAS status allows industry players and investors to benefit from incentives provided by HDC.

In response to the increasing global demand for halal products, Malaysia is vigorously encouraging investments in the food and beverage sector. Additionally, we are expanding investment opportunities into other areas such as cosmetics and personal care, supplements, pharmaceuticals, logistics services, medical devices, solutions, and implants.

Source: Halal Development Corporation (HDC)

March 11, 2024

The Selangor State Development Corporation (PKNS) has announced the commencement of the first phase of the Kota Puteri Green Industrial Park (GRIP) project in Rawang, Selangor. This initial phase includes the development of 13 exclusive industrial lots, with completion anticipated by 2027.

According to PKNS CEO Datuk Mahmud Abbas, the GRIP project will encompass the construction of 52 semi-detached factory units spread across a 22.2-hectare (55-acre) area.

At the launch ceremony, officiated by Selangor Investment, Trade, and Mobility exco Ng Sze Han, Mahmud expressed optimism that the 13 industrial lots would attract more industry players to invest in GRIP Kota Puteri, thereby spurring economic growth and industrial development in the region.

The GRIP Kota Puteri project will be executed in three phases, starting in May 2024, with the entire project expected to be completed within 10 years.

Inaugurated last year by Selangor Menteri Besar Datuk Seri Amirudin Shari, the GRIP Kota Puteri is anticipated to draw RM8 billion in investments and create approximately 5,000 job opportunities.

Mahmud highlighted the project's unique investment appeal, given its strategic location near Port Klang, and its gross development value of RM2 billion. He noted that the project would feature state-of-the-art infrastructure to ensure sustainable development.

Developed under a managed industrial park (MIP) concept, GRIP has gained state endorsement, providing manufacturers with a competitive edge through green policies. PKNS also plans to develop a halal hub and centralized labor quarters (CLQ) to accommodate around 4,000 workers in the area.

Mahmud added that the green industrial park at Kota Puteri is expected to generate up to 6,000 job opportunities, significantly boosting economic growth and providing ample opportunities for sustenance in the region.

Source: Bernama