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Published: Tuesday June 3, 2014 MYT 12:00:00 AM
Updated: Tuesday June 3, 2014 MYT 2:36:57 PM

PDC building to go
by david tan

THE Penang Development Corporation building will be demolished to make way for a Business Process Outsourcing (BPO) Prime project.

The project will be undertaken by a joint-venture company, formed by the Penang Development Corporation (PDC) and Temasek, in which PDC will take up a 51% stake.

InvestPenang director Datuk Lee Kah Choon said PDC was in the process of relocating to Mayang Mall in Bayan Baru.

“The PDC and its 415 workers will be shifted to Mayang Mall by the end of the year,” he told a press conference yesterday.

The four-storey PDC building, located on a 2.7ha site in Bayan Baru, will be replaced by a proposed 29-storey and 25-storey BPO towers, which are being planned to accommodate retail outlets, recreational facilities and open spaces.

“Together with the other Multimedia Super Corridor (MSC)-status buildings such as Suntech Tower, One Precinct and Mayang Mall in Bayan Baru, the area will form a BPO hub.

“The BPO hub is projected to create 4,000 jobs in three years,” Lee said.

He added that PDC had the option of moving to the BPO Prime when it was completed.

Lee said the demand for BPO offices was strong, especially if the building was MSC-certified.

The BPO Prime will be going for MSC certification.

“The global outsourcing market, of which BPO services are part of, is projected to grow to US$625bil in 2017 from US$458bil presently,” Lee said.

On May 23 this year, the PDC signed a memorandum of understanding with Temasek to undertake the development of the BPO Prime and Penang International Technology Park (PITP) in Bayan Baru and Batu Kawan.

“Both projects will have a RM11.3bil gross development value.

“0nce completed, the BPO Prime will be managed by the Economic Development Innovations Singapore Pte Ltd,” Lee said.

The PITP project located on a 83ha or 206 acres will be completed in five to 10 years, according to Lee.

The PDC moved to its present location in Bayan Baru in 1993 from the Penang Skills Development Centre.

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investPenang: Multi-billion hub projects still on track
Thursday, 26 January 2017

GEORGE TOWN: The two multi-billion ringgit projects touted to turn Penang into an international ‘outsourcing’ hub are still on track, said investPenang director Datuk Seri Lee Kah Choon.

“To make sure it is financially viable, we need to do feasibility studies.

“It is an ongoing discussion with our partners. We have to look at the market condition and cost of the construction.

“It must be world class but the cost must be manageable,” he said at a press conference in Komtar yesterday.

Lee was responding to a statement by Penang Umno chief Datuk Seri Zainal Abidin Osman who had questioned the postponement of the Business Processing Outsourcing Prime (BPO Prime) and the Penang International Technology Park (PITP) projects which was reported online.

Zainal Abidin had also said that the deferment of the two projects with a total gross development value of RM11.3bil could be due to the withdrawal of investors.

Chief Minister Lim Guan Eng, who was also present, said that the projects by Temasek Holdings Pte Ltd were only postponed for a review.

“We want to make sure importance is given to the development of the industries,” he said, adding that it was untrue that investors had lost confidence in Penang.
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