New life for old marketon

  • Community
  • Thursday, 05 Feb 2015

Branding exercise: Filepic of the old Sia Boey wholesale market near the Prangin Canal. Years ago, the place was vacated to make way for development.

THE details of the Sia Boey Market project in George Town will be revealed in the middle of this year.

Chief Minister Lim Guan Eng said the Penang Development Corporation was now finalising the details with the architect of the project aimed at transforming the place into an arts and heritage centre.

“It will also serve as one of the Creative Animation Triggers (CAT) sites and a public square,” he said.

Some 10 to 15 heritage buildings at the site are now being renovated.

“Another CAT site, the Wisma Yeap Chor Ee building in Weld Quay, is now being renovated and will be ready in a couple of months.

“We’re now negotiating with creative multimedia content companies out of town so they can lease the space in the building,” Lim said.

He was speaking at a press conference after the launch of the Penang State Shared Services & Outsourcing and Creative Multimedia Content Council (PSSCC).

Lim said the PSSCC would take custody of the state master development plan in shared services, outsourcing and creative multimedia.

“PSSCC will also coordinate state-level planning and monitor the development and operation of the multimedia super corridor and cyber centres,” he said.

On the potential global growth of business process and information technology outsourcing, Lim said the value of the worldwide businesses was expected to grow to RM517bil and RM898bil respectively.

“The global animation and gaming market is forecast to grow to RM242bil by 2016.

“Meanwhile, the revenue ofthe Malaysian creative multimedia content industry is predicted to reach RM23bil by 2017,” he said.

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