http://www.themalaymailonline.com/m...re-with-temasek-and-edis#sthash.hXGka3w8.dpufLim, who witnessed the signing ceremony, said the BPO Prime will represent the prime business hub in Malaysia's Multimedia Super-Corridor (MSC) at Penang Cyber City 1 covering a minimum of 1.6 million sq ft.
The construction of the project is expected to start in 2016 and complete by 2019.
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.