S P Setia Berhad has broke ground its 509-acre Setia Fontaines Industrial Park in Bertam, Kepala Batas, officiated by Dato’ Seri Utama Anwar Ibrahim, Prime Minister of Malaysia, and Chow Kon Yeow, Chief Minister of Penang.
Part of the 1,691-acre freehold Setia Fontaines township, the industrial park offers light industrial, medium industrial and commercial lots for a wide range of occupiers, from small and medium enterprises (SMEs) to larger enterprises. Its location provides strong connectivity to Penang Island, Bukit Mertajam, Seberang Jaya and Kulim, with direct access to the North-South Expressway.
Datuk Zaini Yusoff, President and Chief Executive Officer of S P Setia, said, “The Setia Fontaines Industrial Park is designed to support innovation-led growth, strengthen industrial competitiveness and create broader economic participation across the value chain,”.
Under the MoC, Setia Fontaines and NCIA will also explore a Corporate Renewable Energy Supply Scheme (CRESS), enabling the Industrial Park and its tenants to access green electricity via the national grid from regional renewable energy developers.
At the same timem Setia Fontaines and Lembaga Perumahan Negeri Pulau Pinang (LPNPP) exchanged Memorandum of Agreement (MoA) documents for Pangsapuri Pinang Setia, comprising 640 affordable homes targeted for completion in 2029. Each 650-sq-ft unit will have three bedrooms and two bathrooms, and will be priced at RM42,000.
