SELANGOR: IOI Properties Group Bhd has officially launched the 322-acre IOI Industrial Park @ Banting (IOIIPB), marking a significant advancement in its industrial strategy. The launch took place at the newly opened IOI Galleria @ Banting, with attendance from key stakeholders.

The ceremony was officiated by IOI Properties Group chief operating officer Teh Chin Guan. Other guests present were Selangor Investment, Trade and Mobility executive councillor Ng Sze Han, Invest Selangor Bhd chief executive officer Datuk Hasan Azhari Idris, Malaysia Investment Development Authority (MIDA) investment promotion executive director Faizal Jalaludin, Kuala Langat municipal council president Hasry Nor Mohd and chief assistant district officer Afizah Ahmad.

“IOI Industrial Park @ Banting is targeted to contribute an estimated GDV of RM1.8 billion in the next five years to the IOI’s industrial segment. This shift is in line with our nation-building initiatives, namely the New Industrial Master Plan 2030 and the National Energy Transition Roadmap, which were launched in 2023. Since then, the interest in green industrial investment has risen, which is attributed to the ongoing efforts and collaboration by Malaysia Investment Development Authority and Invest Selangor, with the support of the local council and all other authorities and utilities companies,” said Teh.

Designed with sustainability in mind, IOIIPB features green-certified materials and low-carbon operations, alongside flood-resistant infrastructure. A variety of factory units are available to cater to a wide range of industry needs, aiming to attract environmentally-conscious investors who prioritise sustainable practices.

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