Ideal Property Group executive chairman Tan Sri Alex Ooi Kee Liang - LIM BENG TATT/The Star.
KEPALA BATAS: Ideal Capital Bhd
(Ideal Property) today launched a new industrial park, the Penang Technology Park@Bertam, with RM4.2 billion gross development value.
Its executive chairman Tan Sri Alex Ooi Kee Liang said the project, located on freehold land spanning 356 hectares in Bertam township, will be the first state-of-the-art technology park established within the North Seberang Perai district.
He said the park's critical role in incubating local technology companies would significantly contribute to the growth and development of the technology industry in the region, fostering innovation and promoting sustainable development.
"The Penang Technology Park is set to create spaces for investors from the research and technology segment, allowing potential synergies and innovation (via) new and emerging technology.
"The technology park which is designed to attract high technology industries (and serves) as a catalyst to diversify the economy in the region will be constructed in three phases and be completed in two years,” he said during the groundbreaking ceremony officiated by Penang Chief Minister Chow Kon Yeow here today.
Ooi also said the industrial park is poised to become a leading technology hub in the region, as its completion would create thousands of new jobs and boost the region's economy.
He added that the group would collaborate with the Malaysian Investment Development Authority (MIDA) and Northern Corridor Implementation Authority (NCIA) to jointly promote the park locally and globally, attract and facilitate investments, as well as offer incentives and subsidies.
"Penang Technology Park@Bertam will serve as the incubator for growing and innovative high-tech enterprises to explore the opportunities for research and development of emerging applied technologies.
"In addition, cooperation between industrial enterprises and surrounding education institutions is viable to nurture talent pool, accelerate teaching quality at schools and enhance graduate employability," he added.
He also said the technology park would attract foreign investments and local technology companies from across the nation. - Bernama
