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KKIP Property Boom
T
he Kota Kinabalu Industrial Park
(KKIP) is poised to be a regional
distribution hub with the Asia
Pacific Regional Distribution Centre.
KKIP has to date attracted more than
RM2.528 billion in investment value
in various industry clusters, mainly
from small and medium industries
(SMIs). And this value is anticipated
to increase by year-end and would
further boost the state’s economy.
According to chairman Datuk
Raymond Tan Shu Kiah, KKIP aims to
capture RM500 million in investments
next year.
KKIP Sdn Bhd had developed 1,577
acres of the 4,005 acres of land
gazetted to it. About 795 acres
are currently in progress of being
developed. That shows that almost
60% of the gazetted land area is
under progress. The remaining 1,017
acres of land are reserved for future
development.
There are 260 entities currently in
operation in KKIP, comprising 223
industrial clusters, 15 research and
development and institutions, and
22 commercial entities. The logistics
companies located at KKIP are using
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their facilities in KKIP to break-bulk
and distribute goods to the BIMPEAGA (Brunei, Indonesia, Malaysia,
Philippines — East Asia Growth Area)
region including re-exporting to
peninsular Malaysia.
Due to KKIP itself, more than 7,049
jobs have been created, mainly
from the manufacturing sector and
annually. And some 10,000 trainees
undergo professional skills training at
various local institutions. Due to this,
there is a sudden boom in population,
plus both residential and commercial
properties. The areas surrounding
KKIP is shaping up into a conducive
environment for people to earn a
living and bringing up their families.
It is a booming place for work, living,
recreation and education.
KKIP Sdn Bhd is confident that
the park will continue to grow and
prosper to benefit our investors, as
well as the surrounding population,
and is particularly happy to see
that KKIP is progressively growing
into a new township, nurtured by
commerce, industry and centre of
education and training.