THE NCT Smart Industrial Park (NSIP) project is set to become the next industrial powerhouse in Selangor.

Spanning some 300ha in Sepang, the project of RM10bil in gross development value (GDV) is expected to be completed in 2033.

Phase one covering 93ha is scheduled for completion in 2025, with some 40% of units already booked.

There are three phases in total and the first phase worth RM2bil in GDV will comprise around 100 units and 27 factory plots.

NSIP is sited in the Integrated Development Region in South Selangor (Idriss) zone, an initiative under the First Selangor Plan 2021-2025.

Idriss is Selangor’s strategic blueprint aimed at transforming parts of Sepang and Kuala Langat districts into a regional hub for industry.

NCT Group of Companies founder and managing director Datuk Seri Yap Ngan Choy said the new industrial park would draw foreign investment.

He said the project had already received interest from investors in the United States, China and South Korea, among others.

“This development shows the strong partnership between NCT Group and Selangor government in promoting growth in the state.

“We are proud to be Malaysia’s first managed industrial park,” he said during the project’s groundbreaking ceremony.