PENANG TECHNOLOGY PARK@BERTAM BREAKS GROUND

Ideal Property Group broke the ground for its new visionary project – Penang Technology Park@Bertam on 17 March 2023.

The state-of-the-art technology park, focused on high technology industries, is set to become a catalyst for economic growth in the region. The groundbreaking ceremony was officiated by YAB Tuan Chow Kon Yeow, the Chief Minister of Penang, and marked the beginning of a new era of technological innovation and collaboration in the region.

Penang Technology Park@Bertam is a freehold land spanning 880 acres, strategically located near major highways, sea port, airport, and railway station. The technology park is designed to attract high technology industries and is a catalyst to diversify the economy in the region. It offers built to lease, built to suit, and land for sale, with land prices ranging from RM62 to RM90 per sqft.

Penang Technology Park@Bertam is not just a technology park, but also a collaborative hub that brings together financial institutions, education institutions, service providers, and other stakeholders to accelerate each other’s strengths and enhance innovation. The technology park aims to nurture talents, incubate young entrepreneurs, and create immense employment opportunities for the region.

To achieve these goals, Penang Technology Park@Bertam has collaborated with various financial institutions, including AmBank (M) Berhad, Export-Import Bank of Malaysia Berhad (Exim Bank), and OCBC Bank. These financiers will provide banking and financing facilities with attractive loan schemes for investors and tenants.

Penang Technology Park@Bertam also collaborates with Malaysian Investment Development Authority (MIDA) and Northern Corridor Implementation Authority (NCIA) to jointly promote the technology park locally and globally, attract and facilitate investment, and offer incentives and subsidies.

In addition, Penang Technology Park@Bertam has partnered with leading universities such as Universiti Teknologi MARA and AIMST University to promote internship programs, practical training, working experiences, talent pools, and research and development.

To ensure reliable telecommunication and digital services, Penang Technology Park@Bertam collaborates with Maxis and Allo Technology Sdn Bhd. Meanwhile, the technology park is also collaborating with Angkasa-X Holdings Corporation to develop a space science and technology park. Penang Technology Park@Bertam also works with Berkeley Energy Commercial Industrial Solutions to provide environmental social and governance solutions, services, and technical input.

With these collaborative efforts, Penang Technology Park@Bertam is well-positioned to become a leading technology hub in the region, attracting innovative companies, creating jobs, and spurring economic growth.

  • Construction of customized / prefabrication of green technology manufacturing building and related manufacturing facilities.

READY CATCHMENT OF TALENTS

• Collaborations with top-notch institutions & agencies
• Population of more than 500,000 within a 15km radius

ATTRACTIVE GOVERNMENT INCENTIVES & SUBSIDIES

• Income tax exemption
• Investment tax allowance
• Exemption from stamp & import duties
• Wage subsidy*
     * Subject to individual company’s criteria & authority’s approval

COMPLETE LAND AUTONOMY (FREEHOLD)

• Higher appreciation value
• No state consent required for subsale / subletting
• No restriction in interest endorsement on land title

EASY CONSTRUCTION FACILITATION

• Fast-track Construction Permit Process with a 10-month project milestone expedites the building construction process

PROXIMITY TO SEAPORT, AIRPORT & NEARBY AMENITIES

• East connectivity to the rest of the world via Penang Port (23km) & Penang International Airport (42km)
• Readily available amenities within the vicinity for convenience and higher investment value

WELL-DEVELOPED INFRASTRUCTURE &
UTILITIES SERVICES

• Easy access to major routes & ports for seamless logistics and distribution networks
• Ready-to-go electricity, water supply & 5G high speed internet

WORKER DORMITORIES/
CENTRALISED
LABOUR QUARTERS (CLQ)

Malaysia Federal Government
• Malaysian Investment Development Authority (MIDA)
• Northern Corridor Implementation Authority (NCIA)
• Jointly promote, attract & facilitate investments in PTP
• Incentives & Subsidies

Penang State Government
• Fast track approval from state department & agencies.
• Fast track construction permit (E10)
• Grant of industry park name “Penang Technology Park @ Bertam”

SEAMLESS INDUSTRIAL &
PROPERTY SERVICES

• One-Stop Centre offers an exclusive range of services to assist investors in setting up their businesses
• Park Management oversees the operations of the Park & manages industrial lan, building & facilities

  • To provide all type of services to investors.
  • Laison with local authority.
  • Laison with investors on land & building matters
  • Fast Track Approval

Source: Tenaga National Berhad

  • Main supply 275/132kV
  • Features: reliable, stable, uninterruptible, near constant quality
  • Initial power supply capacity: up to 200 MVA
  • Investor may apply to TNB for higher power supply.

Source: Perbadanan Bekalan Air Pulau Pinang (PBA)

  • Capacity: up to 3.5 million gallons per day (MGD)

Source: TM Berhad / Maxis

  • Fiber optics: 24 core lines
  • 5G network
  • Broadband / mobile service providers
  • Attractive incentives, right and privilege offered by NCIA
  • Tax exemption.
  • Top-of-the-line CCTV
  • Main road surveillance system
  • Police beat base
  • Security control centre
  • Flexibility & alternative from non FTZ Zone.
  • Import & export tax exemption.
  • Fast track approval on business license from MIDA.
  • Solar as an ESG solution.
  • Solar system on dry detention pond. Initial power supply capacity: up to 26 MVA
  • Savings on energy costs & deliver long-term predictable financial returns.
  • Solar energy specialist services available for factory building.

GOVERNMENT SUPPORT TO BOOST INVESTMENT

• Federal Government (e.g. Malaysian Investment Development Authority [MIDA] & Northern Corridor Implementation Authority [NCIA]) to jointly promote, attract & facilitate investments, including the introduction of incentives & subsidies.
• Fast track approval from state department & agencies.
• Grant of industry park name “Penang technology Park @ Bertam”