| The Port Klang Free Trade Zone, Regional Logistics Hub, Selangor Halal Hub and relocation of the Royal Malaysian Selangor Customs will boost Westports' standing and efficiency Mail to : Entertop_bryan@yahoo.com |
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Port Klang Free Zone (PKFZ) PKFZ is managed by JAFZA International, which also manages the world's leading free zone, Jebel Ali in Dubai . Unlike other free zones, PKFZ's uniqueness lies in the fact that it is the only free zone in Malaysia that integrates industrial and commercial operations within the same zone. This allows factories and logistic firms to be located within the same area to boost coordination and smoother supply chain management. Subscribing to a pro business strategy, the Government has been highly supportive of foreign investments in the country. As such, investors interested in setting up their base at PKFZ will enjoy 100 per cent foreign equity with free zone tax benefits and unrestricted reparations of profits and capital. PK FZ will also serve as a one stop centre to help start up operations and interface with government agencies. Investors of PKFZ can either build their own facility, or lease one or more of the pre built facilities that are available. Serviced land plots of variable sizes are available at reasonable rates to investors who wish to construct their own facility on a long term basis. The establishment of PKFZ, which is scheduled for completion by mid-2006, will pave the way for a wide range of products and services to be permitted in the free zone without any payment of customs duties. This hassle-free environment, coupled with an educated and skilled workforce as well as a booming local commerce, indicates a guaranteed success for PKFZ and heightens the business activities of other fraternity players such as Westports.
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| The fast movement of goods is an important factor in helping to realise business success | ||