Penang has taken one other main stride in its journey to develop into a regional hub for high-value investments and digital innovation with the launch of GBS By The Sea, a RM296 million purpose-built facility below the Penang Improvement Company’s (PDC) International Enterprise Companies (GBS) initiative.
Situated within the Technoplex zone of Bayan Lepas Industrial Park, the state-of-the-art constructing contributes 290,000 sq. ft of recent workspace to Penang’s innovation panorama. Notably, the power is totally tenanted even earlier than launch, underscoring the sturdy investor confidence within the state’s financial imaginative and prescient.
Officiated by Chief Minister Chow Kon Yeow, the launch marks the fourth GBS mission delivered by PDC lately. Chow lauded PDC for its pace and ambition, recalling the launch of GBS TechSpace simply final yr.
“PDC has delivered quick, and delivered effectively,” stated Chow. “That is greater than only a constructing—it’s an indication of what Penang is changing into.”
GBS By The Sea is now residence to 3 main international firms: AMD International Companies, Celestica Platform and Cloud Options Malaysia, and Microsoft Data Capital Centre. These corporations are anticipated to collectively create over 1,000 high-value jobs in areas similar to analysis and improvement, IC design, digital providers, and engineering—supporting Penang’s ongoing transition to a knowledge-driven economic system.
Greater than only a office, GBS By The Sea was additionally designed with individuals in thoughts. The ability features a fitness center, cafeteria, and a six-storey automobile park with 800 bays, reflecting a brand new customary for contemporary, employee-focused work environments.
Trying forward, Chow revealed {that a} fifth GBS facility—GBS at Technoplex—is already within the pipeline. With an estimated funding of RM500 million and a proposed 400,000 sq. ft of area, it has already secured 16% pre-booking forward of development.
“This early demand exhibits the continued energy of Penang’s funding ecosystem,” stated Chow.
Past infrastructure, Chow additionally welcomed the latest discount in U.S. tariffs on Malaysian exports, from 25% to 19%, describing it as a lift to Penang’s international commerce competitiveness. He pressured the significance of long-term planning to assist this progress, significantly in infrastructure and utilities.
Key amongst these plans is the Perak–Penang Water Challenge, which goals to fulfill rising industrial water wants by 2030 or 2031. Chow confirmed that negotiations with Perak are set to start quickly.
“As Penang opens up extra industrial zones, we should guarantee the mandatory infrastructure follows,” he stated, expressing hope for continued assist from the federal authorities and MITI to bolster the state’s semiconductor and digital economic system ecosystem.
Be a part of our Telegram Channel now to obtain immediate replace on Penang newest tasks and property information
