GEORGETOWN, Jul 31 – The Signing Ceremony of Agreements Between PDC, Temasek and EDIS of the RM 1.3 Billion Joint-Venture agreement development of the BPO Prime Project at Bandar Bayan Baru, Penang. This BPO Prime project is located on 6.8 acres of land, on which the PDC Office presently sits. BPO Prime will represent the prime business hub in Malaysia‘s Multimedia Super-Corridor (MSC).
However, the signing of RM3 billion Joint-Venture agreement between Sime Darby Bhd and PDC to build a SME International Park, there is another national government who owned the company investing in Penang. The Agreements to be signed by JV Agreement for BPO Prime Project (PDC and Temasek), Management Service Agreement and also Investment Promotion Services Agreement (BPO Premier Sdn Bhd and Symbiosis Ventures Management Sdn Bhd).
This BPO project is located on 6.8 acres of land which will be represent the prime business hub in Malaysia’s Multimedia Super-Corridor (MSC) at Penang Cycber 1, Bayan Lepas with a Gross Development Value (GDV) of 1.3 billion, and Gross Floor Area (GFA) of minimum 1.6 square feet which had scheduled to construction or completion from 2016 – 2019.
The State Government and PDC’s Industry Vision is to enhance the 3rd wave of development in the State of Penang in the services sector, encompassing SSO, BPO, Research & Development (R+D), Design & Development (D+D) in ICT, advance manufacturing and life science.
Meanwhile, Penang Chief Minister Lim Guan Eng said that he was very happy with pointed out that BPO Prime will provide the catalyst for the following benefits in Penang’s industrial transformation as below:
- Create new cluster economic development in BPO, KPO (knowledge Process Outsourcing &ITO (Information Technology Outsourcing).
- Home to multinational companies especially Fortune Global 500 companies as well as local tech companies.
- Estimate job creation of 4,000 high income and quality jobs.
- Provision of world class environment and ecosystem to attract investments from global companies.
Besides that, BPO Prime also aimed to bring 3-4,000 high value shared service jobs to Penang in the coming years with added the services hub will be include the customer operations, data processing, back office administration, accounting, technical support, transcription, software development, IT consultancy and other areas support Penang in its efforts to diversify the local economy beyond manufacturing into high-value-services industries.
