Sunway Berhad will joint venture with Umech Land Sdn Bhd to collaboratively develop a 559-acre parcel of prime industrial land at Batu Kawan, Penang in exchange for a land entitlement of RM646 million to Penang Development Corporation.
The land is strategically situated around 4km from the Penang Second Bridge, offering excellent connectivity, and is just a 20-minute drive from Penang Island, as well as a 30-minute drive from the Penang Port. The strategic location makes it an ideal site for the proposed Industrial Park, which would complement the Batu Kawan region’s burgeoning industrial areas such as the Batu Kawan Industrial Park 1 (“BKIP 1”) and Valdor Industrial Park.
The proposed Industrial Park will comprise factories, industrial lots, and commercial components with a gross development value of at least RM3.5 billion.
