NCT Group of Companies has seen a booking rate of 40 per cent for Phase One of the NCT Smart Industrial Park (NSIP) since its debut last year, said its founder and group managing director Datuk Seri Yap Ngan Choy.

"We are pleased to share that NSIP has successfully secured its first foreign investor, YP Technology Development Co Ltd (Yue Pu), for the purchase of a land area of 48.05 acres," he said at the development's groundbreaking ceremony today.

The RM8 billion industrial park, located at the Integrated Development Region in South Selangor (IDRISS) within the districts of Kuala Langat and Sepang, would be built over three phases over 10 years.

The gross development value of Phase One, which spans 230 acres, is expected to be RM2 billion. It consists of 27 industrial land plots with a maximum size of 50 acres and 101 units of semi-detached, detached, and link-detached factories, with prices starting at RM4 million.

The manufacturing units will include a warehouse, a production area, loading and unloading bays, a showroom, and a corporate office.

According to Yap, Phase 1 should be completed in the fourth quarter of 2025.

"NSIP is a visionary project that not only creates an ecosystem that embraces technology and innovation but also provides an opportunity for like-minded investors to operate in a unique and technologically advanced digital environment for their businesses to thrive.

"With a project of this magnitude currently underway, we look forward to creating more than 50,000 jobs during construction along with numerous employment opportunities for Malaysians once it is completed," he said.

Yap said NSIP will feature advanced infrastructure, artificial intelligence, Internet of Things (IoT) technology, state-of-the-art data analytics, and other digitalisation and automation initiatives through components such as factory units, a commercial hub, a global centre, resort-style facilities, and AI-managed workers' lodging.

He believes that taking this into account the industrial park is poised to become a hub for electrical and electronics, semiconductors, smart logistics, transportation, and 4-IR-inspired industries.

The GreenRE-certified development will be equipped with solar-ready factories, rainwater harvesting systems, as well as water and waste management systems to reduce industrial and carbon footprint and promote sustainable business practices.