The two seaports and airport, he noted, are already recognised internationally as a world class transshipment hub for Southeast Asia.

Mohd Sidik, who is also chief executive officer of Senai Airport, said investors in the IDR can rely on the logistics capability of the three facilities to provide an uninterrupted flow of goods in and out of the IDR.

"This logistics combination provides sea-air linkages to the IDR and is one of the major attractions from the logistics angle for investors looking to set up base here," he told a seminar on the IDR in Singapore this week.

All the three logistics hubs in the IDR are majority owned by MMC Corp Bhd.

Mohd Sidik said the IDR is "the first regional growth area being developed by the government, (and) it has tremendous prospects because it is well located, close to Singapore."

"It is supported by good infrastructure, by ports and by (an) airport. If you do it well, if you take care of all the fundamentals like governance, less bureaucracy, I think things will go well."

Mohd Sidik said some Singapore firms have expressed interest in moving into the IDR. They are looking at buying Malaysian products and processing them in the IDR before taking them into Singapore.

He noted that the good cooperation between the Malaysian and Singapore governments bode well for the IDR.

The two seaports and airports jointly organised the seminar with UEM World Bhd, the main developer the IDR.