Integrated Regional Development Zone Selangor @ IDRISS
April 26, 2024 / 0 comments / 273 views / Tags: IDRISS, Malaysia, Selangor, Sepang Industrial Park / Category: Article and lifestyle
IDRISS
The Selangor state government has officially launched the Southern Selangor Integrated Regional Development aims to provide economic impetus to Sepang and Kuala Langat .
Involves an area spanning 40,000 acres in the Sepang and Kuala Langat districts , several incentives to drive the development managed by the industrial Park Manager with additional incentives to facilitate investments .
Benefits to IDRISS
Southern Selangor Integrated Regional Development offers several benefits to promote investment and economic development in the zone area includes;
- Special Premium Scheme – developers receive incentives to spur IDRISS development
- Interest-free instalment payments – developers can pay development charges in instalments without interest.
- Vacant land assessment tax exemption – No assessment tax is levied on vacant land within IDRISS.
- 50% reduction in vacant building assessment tax.
- Business license fee exemption
The state government aims to position Selangor as an investment and trade hub in the region has introduced several incentives to facilitate investments including fast-tracking processes and approval periods.
IDRISS covers as estimated area of 20,000 hectare with an estimated gross development value of RM 1 trillion, it’s strategic initiative to drive sustainable grown in Selangor.
