GEORGE TOWN, August 17 — IJM Perennial Development Sdn Bhd (IJM Perennial), the joint-venture company between IJM Corporation Berhad (IJM) and Perennial Holdings Private Limited, has entered into transformative partnerships aimed at enhancing The Light City, Penang’s flagship mixed-use development. The signing ceremony, attended by Penang Chief Minister YAB Chow Kon Yeow, marked the official collaboration with leading industry players to bring advanced telecommunications infrastructure and world-class hospitality offerings to the project.
The agreements include a Memorandum of Understanding (MoU) with Maxis Broadband Sdn Bhd and GlobalComm Telecommunications Sdn Bhd for 5G-ready infrastructure, a hotel franchise agreement with Hyatt International – Asia Pacific to introduce the JdV by Hyatt brand to Penang, and a hotel management agreement with Galaxy Minyoun Hotel, marking the Chinese brand’s first entry into Southeast Asia. These partnerships will position The Light City as a cutting-edge, smart urban community with premium hospitality services.
The Light City will feature two international hotels: the 5-star JdV by Hyatt and the 4-star Galaxy Minyoun Penang The Light City Hotel, which together will offer 459 rooms. The project will also boast the largest convention centre in Penang, a waterfront mall, and luxury residences, all connected by state-of-the-art digital infrastructure. These developments are expected to significantly boost Penang’s status as a premier destination for business and leisure.
IJM Group CEO and Managing Director Mr. Lee Chun Fai emphasized that The Light City exemplifies their vision of creating a transformative, future-ready smart city. “With advanced 5G infrastructure and premier hospitality brands, The Light City will foster a vibrant, connected community, enriching Penang’s cultural heritage and positioning it as a leading destination for business and leisure,” he stated.
