Kulim High-Tech Park’s (KHTP) opening of a 400ha industrial zone under Phase Three is expected to create further investments worth RM10 billion from both local and foreign investors.

Since its inception in 1994, KHTP has attracted 36 high technology manufacturing and services companies, which include produces of electronics, scientific and medical equipment, automation equipment, electro-optical, biotechnology and water fabrication.

Their operations in the park have involved investments of about RM21 billion.

Kulim Techonology Park Corporation group chief executive officer Datuk Ahmad Shukri Tajuddin said Phase Three will take two years to be developed and will cater to the requirements and demands of investors and industry operators from both overseas and home.

The park offers RM15psf for manufacturing hi-tech products and RM7psf for research and development as well as lower water rates. Operators at the park also enjoy several tax benefits.

Ahmad Shukri added that several foreign companies have shown keen interest to invest, including an American company who is ready to open its operations in the park in the near future.