KTIP becomes first MIP-supported industrial park on the east coast
KUALA LUMPUR: MGB Bhd’s Kertih Terengganu Industrial Park (KTIP) has officially secured Managed Industrial Park (MIP) support, becoming the first industrial park on Malaysia’s East Coast to achieve this status.
Kertih Terengganu Industrial Park (KTIP) in Malaysia's East Coast has become the first industrial park to receive Managed Industrial Park (MIP) support, marking a significant milestone for the region. Spanning 687.9 hectares in Kertih, Terengganu, KTIP has been meticulously planned to serve as a high-priority investment hub, boasting robust infrastructure, seamless connectivity, and a 99-year land tenure.
The park obtained planning approval in 2025, paving the way for its development and future growth. MGB Bhd, the developer, emphasized that MIP accreditation elevates KTIP to the highest tier of professionally managed industrial destinations, making it more attractive to discerning investors targeting the East Coast corridor. To capitalize on this achievement, MGB has formed a strategic partnership with the Malaysian Investment Development Authority (MIDA) to promote KTIP to investors across Malaysia and internationally.
This collaboration, announced during an officiation ceremony, leverages MIDA's extensive international network to expand KTIP's visibility, streamline engagement with prospective partners, and provide dedicated support throughout the investment process. Tan Sri Lim Hock San, group executive chairman of MGB, highlighted the significance of securing MIP accreditation, stating that it reflects MGB's commitment to developing a well-managed, competitive, and investor-ready industrial destination on Malaysia's East Coast.
He believes that KTIP's recognition will strengthen its investment proposition and position it to attract quality investments, create employment opportunities, and contribute to Terengganu's industrial and economic growth. Faizal Jalaludin, executive director of Investment Promotion at MIDA, expressed pride in standing alongside MGB in elevating KTIP as a premier investment destination.
He underscored MIDA's commitment to promoting KTIP to potential investors and facilitating their investment inquiries and requirements. As Malaysia's East Coast emerges as a key growth frontier, KTIP is poised to lead the way, ready, accredited, and open for business.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
