Monday, 11 August 2014
More Memories To Batu Kawan
Last week Penang CM has announced that Seagate will invest RM1.05 billion over 5 years to build a manufacturing plant at a 40-acres site at Batu Kawan Industrial Park, with an option to add further 30-acres in the future.
Seagate is a well-known hard disk manufacturer and data storage solutions provider which is listed in Nasdaq & also a S&P 500 component.
Earlier in June, Penang government also announced that another renowned data storage (flash memory) manufacturer SanDisk has already committed to a RM1.2 billion investment in 5 years at a 30-acres site in Batu Kawan as well.
Its manufacturing plant is currently under construction and is expected to start production in Mac 2015. Some 1,000 new jobs could be offered by SanDisk.
Similar to Seagate, SanDisk is also listed in Nasdaq and is part of S&P 500 component.
Besides, it is also reported in June 2014 that Hewlett-Packard (HP) is in the process of finalizing talk with Penang government regarding its investment in Penang. Hopefully we can get the good news soon.
Meanwhile, Penang Development Corporation (PDC) has in May signed an MoU with Temasek & EDIS (Economic Development Innovations Singapore) to form a JV company to develop Penang International Technology Park (PITP - 206 acres) in Batu Kawan & Business Process Outsourcing Prime (BPO Prime) in Bayan Baru at the current PDC building opposite the sPICE.
PDC will hold 51% in the JV with an estimated GDV of RM11.3bil.
This project will be completed over 5-10 years and is expected to generate 25,000 - 30,000 high income & quality jobs.
On the 1st of Mac 2014, the ground breaking ceremony of an IT-BPO Park in Bayan Lepas has been done. This IT-BPO Park and the BPO Prime in Bayan Baru mentioned above are actually two components of RM3.3bil IT-BPO Hub.
The overall IT-BPO Hub comprises 3 components, which are the 74-acre IT-BPO Park in Bayan Lepas next to the airport, the 7-acre BPO Prime in Bayan Baru and a 100,000 square feet Creative Animation Triggers (CAT) in the Georgetown heritage enclave.
It is almost certain that more jobs, especially for professionals, will be offered in Batu Kawan in the near future. So I would expect a huge influx of residents into the southern part of Seberang Perai (SPS).
Besides, it will not be a surprise to see more established education institutions setting up their branches here as knowledge, talent & skill might be painted to this place in the future.
Batu Kawan affordable homes: Hijau E-Komuniti
Tambun Indah, as the largest listed land owner in this region, will definitely benefit from this development. Other developers within Batu Kawan area such as Malton, GOB & Paramount will be waiting to launch their high-end projects eagerly.
Ecoworld, IJMLand, WingTai, GUH etc with land outside Batu Kawan will also benefit if Batu Kawan flourishes.
Mahsing's proposed land acquisition in SPS has been called off earlier due to issue by seller. Nevertheless, it has its Southbay project at the other end of Penang second bridge.
I believe that Seberang Perai Selatan will be a mini Iskandar in the making.