BANTING: Selangor continues to excel as the top state for investments, achieving approved investments of RM101.1 billion in 2024, almost double the RM55.3 billion recorded in 2023.
In reinforcing the state’s position as the region’s top investment destination, Selangor executive councillor for investment, trade and mobility Ng Sze Han said that from January to September 2025, out of 4,874 projects in Malaysia, 1,470 were in Selangor.
“That means 30% of all local and foreign investment arrived in our state,” he told delegates at the grand launch of IOI Industrial Park @ Banting today.
“The Selangor government wants to build the computing platform for the industries of tomorrow. We are moving beyond conventional land. We are building integrated, connected ecosystems,” he added.
Ng said IOI Industrial Park @ Banting is critical and drives three fundamental outcomes.
First, it serves as a high-value investment launchpad by targeting New Industrial Master PLan 2030 sectors such as electrical and electronics, biotechnology and logistics – industries that will define the next era of growth.
Second, it builds intelligence by creating demand for high-skill employment, because in today’s economy, the most valuable resource is talent, and anchoring that talent in Kuala Langat elevates income and transforms the entire ecosystem.
Third, it strengthens throughput by enhancing trade efficiencies and positioning the park to maximise the flow of goods, directly reinforcing Selangor’s gross domestic product through simple economic physics.
“IOI Properties anchored this in Banting. It fits perfectly into our Integrated Development Region in South Selangor (Idriss) blueprint, noted Ng.
Moving on, he said the Selangor government is business-friendly and future-ready. “This park is a partnership. The state provides the stability and the policy framework (RS-1). IOI delivers world-class infrastructure. And the investors bring the innovation.”
IOI Properties Group Bhd’s launch of its 322-acre IOI Industrial Park @ Banting signifies notable progress in advancing its industrial segment strategy.
Further, the newly opened 12,000-square-foot IOI Galleria @ Banting, IOI Industrial Park, is a purpose-built on-site sales gallery that provides investors with a commanding view of the park’s master plan, as part of the IOI Industrial Park Series unveiled in 2024.
IOI Properties Group’s chief operating officer, property development (Malaysia), Teh Chin Guan, said IOI Industrial Park @ Banting is targeted to contribute an estimated gross development value of RM1.8 billion in the next five years to the group’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 (Mida) and Invest Selangor, with the support of the local council and all other authorities and utilities companies,” he said, elaborating on the recognition of the ongoing efforts and collaborations by the government, local council, authorities and utilities companies.
Teh said the domestic international airport, Kuala Lumpur International Airport, is just 15km away and is directly connected via the Elite Expressway, making air-freight–driven industries IOI Industrial Park @ Banting’s top priority.
“These include high-value and time-sensitive goods such as luxury items, premium electronics, and E&E products, as well as manufacturing sectors like pharmaceuticals that rely heavily on air transport. This location is also exceptionally well supported by power infrastructure, with three rows of pylons – two at 275kVA and one at 33kVA – making it highly suitable for industries with high power demand such as data centres and advanced manufacturing.
“Phase One of the development has already been launched with a total of 103 factory and warehouse units, and due to the overwhelming response we have received, we are optimistic about moving into sales for Phase Two very soon,” Teh said.
Engineered for resilience and operational reliability, IOI Industrial Park @ Banting builds confidence through flood-resistant design with a bioswale and scenic water retention lake for natural stormwater management, dual high-voltage Tenaga Nasional Bhd (TNB) transmission lines ensuring uninterrupted power for high-demand users such as data centres, and excellent connectivity with efficient traffic planning, multiple access points, highway linkages, and shaded, walkable pathways within a holistic, safe, and sustainable environment.
Well-suited for a wide range of industries, the development offers detached factories for large-scale manufacturing and metal processing, semi-detached factories for light to medium industries, and cluster factories for light industries such as food and beverage or textile processing.