According the budget 2010, to support implementation of private sector projects in regional corridors, the government will allocate RM3.5 billion next year as part of efforts to ensure they are developed according to schedule.
Looks like the government is determined to build more industrial parks. The question is where are the industries?
As a consultant in the early 2001, I had conducted a customer satisfaction survey among 25 companies in the Cyberjaya. More than 75 percent of them were not satisfied with the high-tech industrial park.
Today, Cyberjaya is no longer the buzzword. There are Nusajaya (recently given a special personal income tax structure), PKFZ and the various regional corridors. Worse, some of these industrial parks have a poor take-up rate. PKFZ enjoys barely less than 20% occupancy.
It looks like building industrial parks is itself an industry in Malaysia. We are so good at building industrial parks but the country is facing a net outflow of investment when the rest of ASEAN are registering a net positive inflow.
Where are the industries?