AmBank Group, by its Islamic banking arm AmBank Islamic Bhd, has prolonged RM222.8 million in financing to Suling Hill Improvement Sdn Bhd for the event of Northern TechValley @ BKE — a 175.6-acre freehold inexperienced industrial park in Seberang Perai Tengah, Penang.
Suling Hill Improvement is a 50:50 three way partnership between AME Elite Consortium Bhd’s wholly owned subsidiary, Northern Industrial Park Sdn Bhd, and Majestic Gen Sdn Bhd. The challenge signifies AME’s first foray into northern Malaysia, aiming to copy its award-winning inexperienced industrial park mannequin on this strategic area.
Northern TechValley @ BKE is envisioned as a next-generation built-in industrial ecosystem with a projected gross improvement worth (GDV) of RM1.3 billion. Designed with sustainability at its core, the park will give attention to environmental stewardship, useful resource effectivity, and neighborhood well-being — aligning with Malaysia’s broader targets for industrial and financial development.
AmBank’s managing director of enterprise banking, Christopher Yap, emphasised the financial institution’s assist for nationwide improvement efforts, saying the financing displays AmBank’s dedication to constructing future-ready infrastructure. “We’re proud to associate with respected teams like AME and Majestic Gen in supporting the commercial development of Malaysia, particularly in key northern areas,” he mentioned.
Dylan Tan, director of Suling Hill Improvement, described the enterprise as a strategic growth for AME. “Northern TechValley @ BKE extends AME’s experience in delivering sustainable industrial parks to Penang. It’ll function a platform for native and multinational companies looking for a contemporary, inexperienced industrial atmosphere,” he famous.
With development plans underway, Northern TechValley @ BKE is poised to reinforce Penang’s place as a key industrial and manufacturing hub in Malaysia.
