Penang Technology Park set to boom

by | Mar 3, 2023 | Business, LOCAL | 0 comments

IdealCapital Bhd’s RM4.2 billion Penang Technology Park (PTP)@Bertam project is located over 880 acres of industrial land to cater to high-technology industries and 30 percent reserved for commercial activities.

The park is set to have 150 acres of industrial land for lease, 30 acres of light industry factories in the built and lease category and 520 acres of industrial land for sale. There will also be 48 semi-detached units and eight bungalows for sale.

PTP is a master plan to nurture Industrial Revolution 5.0 high-technology compliant companies focusing on harmonious human-machine collaborations and the well being of multiple stakeholders like society, companies, employees and customers.

The master plan also consists of hubs for Medical Research, Education and Incubation, Space and Cyber Technology, Innovation and Smart Initiatives, and Financial and Commercial Enterprises within PTP.

The take-up rate of industrial land in Seberang Prai has remained strong since 2020 and that is why PTP offers an alternative choice for investors and this is why more than 100 potential investors from the US, Europe, Japan and China have registered with PTP.

The other major factor that makes PTP an attractive location in which to house your business is that it is 13kms to the proposed Kulim International Airport and 23kms to the Penang Port in Butterworth.