Logistics Parks Need Designation to Continue Ops After 2025
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The government will require designation for logistics parks to continue operating after 2025, the Ministry of Economic Development said in a release on its website yesterday.
Logistics parks that operate on an area of at least three hectares and have 3,000 sqm of warehouse space must apply for designation as intermodal, regional, or local logistics parks by December 31, 2024.
The designation is part of a unified logistics park system the government is rolling out to boost competitiveness and comes with no direct advantages.
Applications for designation will be weighed by the Science and Innovation, Technology, Industrial, and Logistics Park Council. The council will make recommendations to the minister in charge of industry who will issue the designations.
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