en.Wedoany.com Reported - Ideal Property Group announced that all infrastructure construction for the 880-acre Penang Technology Park @ Bertam has been completed. With the official unveiling of the park's entrance landmark, it marks the full transition into the delivery phase. Investors can now "buy and use immediately, commence production instantly," further shortening the factory construction cycle and accelerating the implementation of investment projects.
Ideal Property Group Chief Operating Officer Dato' Goh Chin Foo stated that Penang has gradually evolved from a traditional manufacturing base into a high-tech manufacturing hub with a mature semiconductor supply chain, highly skilled talent, and a comprehensive industrial ecosystem, continuing to attract investments from multinational corporations both domestically and internationally.
He pointed out that Penang's well-established financing and capital market system also provides stronger support for companies to expand their operations and drive innovation.
He indicated that companies interested in setting up factories in Penang can obtain freehold industrial land at Penang Technology Park @ Bertam, while enjoying one-stop investment services, including site selection planning, policy coordination, and professional consultant referrals, to help accelerate their relocation process.
Goh Chin Foo said the park now meets the conditions of "sign a contract and get land, get land and start construction, complete construction and commence production." Compared to waiting for a new industrial park to complete development, this can save companies approximately 1 to 2 years of construction time, significantly enhancing investment efficiency.
He noted that the park has completed infrastructure including a two-way four-lane main road, 100-foot-wide internal roads, water and electricity supply, 5G network, natural gas pipeline, and a 24/7 closed-circuit television monitoring system, meeting the infrastructure and production environment requirements of high-tech industries such as semiconductors and new energy.
He also thanked the Penang state government for its support in project approvals, infrastructure development, and investment promotion, enabling the technology park to proceed as planned.
Goh Chin Foo stated that in addition to providing industrial land, Penang Technology Park @ Bertam is also committed to building a complete industrial operation ecosystem, helping companies, especially small and medium-sized enterprises, integrate into the global semiconductor supply chain.
He said the park's planning covers light industrial land, medium industrial land, commercial facilities, and factory rental areas, catering to the operational needs of companies at different stages of development.
He revealed that the group has already received inquiries from multiple companies regarding investment, including those in the semiconductor, electrical and electronics, automotive and components, new energy, energy storage, and other high-tech sectors.
Penang Technology Park @ Bertam is one of the key industrial development projects in North Seberang Perai. Adjacent to the North-South Expressway, it provides quick connections between Penang Island and Seberang Perai, while also linking to Penang Port and the North Butterworth Container Terminal, benefiting companies' logistics transportation and supply chain layout.
As of now, the park's land absorption rate has exceeded 60%. With the gradual commencement of production by settled companies, it is expected to create more technical positions and further drive regional employment and the development of upstream and downstream industries.
