Malaysia's first comprehensive port free trade zone has been well ready for the arrival of investors, the Port Klang Free Zone (PKFZ) authority said on Tuesday.

The PKFZ, which is closely linked to the Port Klang Authority ( PKA) in Malaysia's Selangor State, is Malaysia's first port free trade zone that combines preferential policies for two large categories of manufacturing and trade in a single zone, PKA Chairman Yap Pian Hon said.

Other free trade zones in the country usually provide preferential policies for one business, either manufacturing or trade, he told Xinhua at Klang Port, a key port on the west coast of Malaysia Peninsula.

The PKFZ, with a strategic location as a gateway to Southeast Asia, is offering substantial preferential measures to those foreign investors who wish to establish their regional centers or footholds in Malaysia, including fair warehouse rental rates and a 100 percent foreign ownership, Yap said.

The PKFZ has finished its preparation for necessary infrastructure facilities and first investors from Europe have arrived in the zone, he added.

The PKFZ authority also has brought some key Malaysian government agencies concerned, including immigration bodies, into the zone in a bid to facilitate and simplify the procedures for investors to establish their businesses in the zone, Yap said.

Gao Wenkuan, economic and commercial counselor of the Chinese Embassy in Malaysia, said that the zone is a significant location for Chinese investors.

Yet, lack of knowledge on the PKFZ's concrete investment policies made them hesitate outside of the zone, said Gao, who made a tour of the port on Tuesday.

He said that he is willing to work together with the PKFZ to seek ways to bring Chinese investors to the zone.