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Penang CM denies PDC gave land to private sector for industrial park development | Scoop
Penang Chief Minister Chow Kon Yeow has said the PDC has never given any land to the private sector to be developed into industrial parks. – Abdul Razak Latif/Scoop pic, November 27, 2023
News

Penang CM denies PDC gave land to private sector for industrial park development

Chow Kon Yeow says its industrial land bank located at strategic areas, can be marketed to investors in promoted industries

Bernama
Updated
4:09 PM MYT

 

GEORGE TOWN – The Penang Development Corporation (PDC) has never given any land to the private sector to be developed into industrial parks, said Chief Minister Chow Kon Yeow.  

Chow, who is also the Padang Kota assemblyman, said this is because PDC’s industrial land bank is at strategic locations and can be marketed to investors in promoted industries. 

“However, PDC now faces constraints in developing a new industrial land known as Batu Kawan Industrial Park 2 (BKIP2) due to its location and non-conducive surroundings,” he said when replying to a question from Lim Guan Eng (Air Putih-DAP) at the state assembly sitting today. 

Chow also said that PDC has successfully developed nine industrial parks in Penang to ensure a sustainable industrial ecosystem in the state. 

He said PDC will continue its role as the main industrial land developer in Penang even though, currently, several private developers are also involved in some developments.  

“With over 50 years of experience and expertise, PDC is confident that the industrial parks it developed will continue to attract domestic and foreign investors.  

“PDC will develop industrial lands in strategic locations without involving the private sector,”  he said. 

Chow added that the corporation will only collaborate with the private sector for high-risk areas that are not strategically located and are in less competitive areas. 

Meanwhile, he said PDC has about 324ha of industrial land and is focusing on the development of industrial land in Cassia City Technology Park and BKIP 3 in the eastern area of Batu Kawan. – November 27, 2023

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