Penang's Northern TechValley @ BKE Targets High-value Investments - Suling Hill Development
BUKIT MERTAJAM, Oct 28 (Bernama) -- Property developer Suling Hill Development Sdn Bhd today launched the Northern TechValley @ BKE, an industrial park project projected to have a gross development value (GDV) of RM1.3 billion.
Located alongside Butterworth-Kulim Expressway (BKE), Northern TechValley @ BKE is a joint venture between Suling Hill and leading industrial space solutions provider AME Elite Consortium Bh and renowned property developer Majestic Gen Sdn Bhd.
Suling Hill director Ta Wee Dher said the 176-acre Northern TechValley represents AME Elite's first expansion of its award-winning integrated industrial park development outside Johor and has attracted leading domestic and multinational corporations from high-value-added industries.
Creating a conducive environment that meets the needs of global and domestic companies, he said it aims to generate job opportunities and strengthen the local supply chain.
“This initiative is essential for enhancing Penang’s investment appeal and positioning the state as a prime destination for high-quality investment and innovation in the region.
"Our dedicated team has meticulously planned this project as a green industrial development, incorporating features designed to mitigate environmental impact while pursuing GreenRE certification. The park includes comprehensive lifestyle and recreational amenities that prioritise the well-being and quality of life for the community," he said in a speech at the launch of Northern TechValley @ BKE, here today.
Penang Chief Minister Chow Kon Yeow officiated at the event. InvestPenang chief executive officer Datuk Loo Lee Lian was also present.
Ta said Northern TechValley's prime location alongside the BKE ensures excellent connectivity via major road networks, including the North-South Expressway, enabling efficient logistics and supply chain management and proximity to key railways, ports and airports further enhances the logistics capabilities.
He said Northern TechValley offers one-stop, flexible space solutions tailored to diverse operational needs, enabling companies to optimise operations and accelerate expansion plans.
It also features robust utilities, reliable power and water supply, and high-speed fibre-optic internet.
He said Northern TechValley is expected to be completed in 2029.
Meanwhile, Chow said the earthworks started in August and construction is expected to begin in the first half of 2025.
"These investments illustrate the confidence local and global businesses have in Northern TechValley’s potential to become a thriving industrial hub and is a testament to Penang's continued appeal as a destination for innovative and high-value industries," he added.
-- BERNAMA