PDC Reveals RM5 Billion Plan, To Expand Penang Land Bank By 3,000 Acres

Penang Development Corporation (PDC) has unveiled their strategic plan for the next five years, aiming to expand its land bank in the state by an impressive 3,000 acres. The plan, which encompasses 15 projects spanning from 2024 to 2028, is estimated to cost around RM5 billion.

According to PDC’s chief executive officer, Datuk Aziz Bakar, a significant portion of the budget, approximately RM3 billion, will be allocated to acquiring the additional land in North Seberang Perai, Central Seberang Perai, and South Seberang Perai.

The objective is to bolster the industrial landscape in the region, with a focus on developing industrial lands.

Aziz Bakar highlighted that while specific locations for the land acquisition have yet to be identified, PDC is also exploring options for land reclamation to further expand its land bank.

In addition to land acquisition and reclamation, PDC is working towards establishing a comprehensive ecosystem to support the industrial sector.

This includes plans for a distribution hub for logistics and the development of workers’ quarters. Already, four workers’ quarters projects have been launched in the Bandar Cassia area, with capacity to accommodate over 30,000 workers.

Among the ongoing projects, one workers’ quarters situated in Penang Science Park North is expected to be completed by August, while others in Penang Science Park South and Batu Kawan Industrial Park 3 are awaiting planning approvals. Meanwhile, a fourth quarters project in Bandar Cassia has been entrusted to a developer for design and construction.

Furthermore, PDC is focused on implementing the “infra ready concept” in its industrial land development, particularly in Batu Kawan Industrial Park 3 and Batu Kawan Technology Park.

Plans also include the development of a logistics and distribution park near Penang International Airport and a logistic hub within Batu Kawan Industrial Park.

The strategic plan encompasses initiatives across various domains, including land innovation, asset innovation, business sustainability, and smart professional development.

Notable projects include the development of a linear waterfront for mixed-use purposes in Bayan Lepas and a Medi-City project in Bandar Cassia, aimed at establishing an integrated medical hub.

Previous articleBursa Lower At Midday On Profit Taking
Next articleECRL Project In 4 States Reaches 62.40% Progress


Please enter your comment!
Please enter your name here