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- Phase 1 will see BYD as the anchor investor at KLK TechPark with a 150-acre facility.
IPOH (Sept 12): Kuala Lumpur Kepong Bhd’s (KLK) wholly owned subsidiary KLK Land has unveiled KLK TechPark, a 1,500-acre integrated industrial hub in Tanjong Malim, with a projected gross development value (GDV) of RM3.5 billion over the next 10 years.
KLK Land managing director Lee Wen Ling said Phase 1 will see BYD as the anchor investor, with a 150-acre facility and infrastructure works targeted for completion by end-2026.
She said Phase 2, set to be launched by end-2025, will feature a 200-acre vendor park for automotive and manufacturing players.
“It is strategically located in close proximity to the Automotive High-Tech Valley (AHTV). KLK TechPark spans 1,300 acres for industrial growth and 200 acres for residential support, to be developed in phases from 2025 to 2035.
“With direct access to the North-South Expressway and only minutes from Tanjong Malim town and the Behrang toll, KLK TechPark will offer build-to-suit solutions, industrial plots and ready-built factories supported by essential infrastructure and connectivity,” she said at the launch ceremony at Wisma Taiko.
She also added that KLK TechPark is expected to create between 10,000 and 20,000 jobs for local communities while building an integrated supply chain ecosystem.
Perak sees Tanjong Malim as regional automotive hub
Meanwhile, Perak Menteri Besar Datuk Seri Saarani Mohamad said the development complements the growth of AHTV by providing high-tech industrial sites and the vendor ecosystem required by Proton, Geely and now BYD.
“With the combination of these two projects, Tanjong Malim will emerge as the largest automotive cluster in the region, covering conventional cars, electric vehicles (EVs), batteries, components, logistics and research.
“It is no exaggeration to say this marks the beginning of a world-class sustainable automotive hub in Perak,” he said.
He added that KLK TechPark represents a landmark in international EV investment for the state.
“The presence of BYD from China as a key industry player puts Tanjong Malim on the global map.
“When one of the world’s EV giants chooses to invest here, it reflects global confidence in Perak and aligns with the nation’s aspiration to achieve net-zero carbon emissions by 2050,” he said.
Saarani said the achievement was made possible through strong collaboration involving the Federal government, the state government and the private sector.
He added that KLK TechPark would generate substantial economic spillovers for the state.
“Thousands of jobs will be created across assembly, logistics, engineering, information technology (IT) and other supporting industries.
“Local vendors will also gain opportunities to join the global supply chain, while young people in Perak will no longer need to leave for the Klang Valley, as opportunities are now opening at home,” he said.
As Penang girds itself towards the last lap of its Penang2030 vision, check out how the residential segment is keeping pace in EdgeProp’s special report: PENANG Investing Towards 2030.
