RM3.8bil investment for science park


  • Business
  • Saturday, 22 Aug 2009

SHAH ALAM: Selangor State Development Corp (PKNS) has attracted RM3.8bil worth of investments via three investors for its Selangor Science Park 2 (SSP2) that is under development in Cyberjaya.

The investors are Q-Cell from Germany, the Andaman Group and Serba Sentosa Sdn Bhd, a wholly-owned subsidiary of Metro Kajang Holdings Bhd.

SSP2 is a 1,300-acre mixed development project with gross development value of RM3bil which is expected to be completed between 10 and 15 years.

PKNS general manager Othman Omar said Q-Cell, the largest manufacturer of solar wafer and cells in the world, had started operations in SSP2 in May.

“The company is also collaborating with us to energise PKNS Gallery in SSP2,” he said yesterday after a memorandum of understanding signing ceremony with the investors, witnessed by Selangor Mentri Besar Tan Sri Abdul Khalid Ibrahim.

Q-Cell plans to take up to 100 acres in SPP2 which will involve investment of about RM3bil.

The Andaman Group will develop another SEGi College campus, estimated to cost RM300mil. It had developed a similar campus in PKNS’ earlier project, Selangor Science Park 1, in Kota Damansara.

“Metro Kajang will collaborate with PKNS to develop our commercial and residential area in SSP2.

“In return, PKNS will jointly undertake a commercial development with Metro Kajang in Kajang town centre,” Othman said, adding that the land belonged to Metro Kajang.

Metro Kajang’s project in SSP2 will involve an investment of about RM500mil.

Going forward, Othman said PKNS was in serious talks with local and foreign investors to invest in SSP2. “We want our investors to be in line with the SSP2 concept of high-technology and environment-friendly industries,” he said.

SSP2 would be a low density and sustainable development, with over 20% of the area reserved for green areas and public parks.

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