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Monday, September 7, 2009

Tech park to attract RM2bil investments

Kulim Technology Park holding talks with three US companies

KULIM: Kulim Technology Park Corp Sdn Bhd (KTPC), the developer of Kulim Hi-Tech Park (KHTP), is negotiating with three US companies to bring in about RM2bil investments.

President of Kulim Technology ParkCorp, Muhamad Sobri Osman(inset), says KYPC has recently completed the RM1 billion business centre wing.

KTPC president Muhamad Sobri Osman said the companies were involved in the solar power, semi-conductor and pharmaceutical businesses.

“The solar power investment, likely to be around RM1.5bil, will be on a 75-acre site in phase three of the KHTP development.

“The phase, covering 432 acres, is over 90% complete in terms of infrastructure development,” he told StarBiz recently.

Sobri said he hoped the deals would be finalised in 12 months.

“The investment for the phase three infrastructure is around RM100mil,” he said, adding that KTPC was also in negotiation to bring in investment from a US company involved in nano-technology.

On the development of phase four of KHTP, Sobri said KTPC had recently secured a RM80mil soft loan from the Federal Government to lay high-technology and utilities infrastructure for the 450-acre site.

“We recently completed the RM11bil business centre wing, which has a built-up area of 75,000 sq ft.

“We are now bringing in tenants involved in business process outsourcing activities, research incubators and equipment support business,” he added.

In fulfilling its pledge to turn KHTP into the most successful high-technology park in the country, Sobri said the Federal Government had agreed to upgrade the present hospital so that it could handle hazardous chemical cases.

The Government had also given the green light to set up a police station and an industrial skills development centre.

Sobri said the capacity of the present 220MW power plant in KHTP, which is owned and managed by Northern Utility Resources, could be upgraded to 440MW.

“Thus, KHTP could cater to the needs of the new tenants without building another power facility.”

On housing for workers, Sobri said some 1,900 units of landed properties, priced between RM170,000 and RM220,000 each, were being developed.

“So far, about 1,900 units of landed and high-rise properties have been sold and occupied in KHTP,” he said.

By The Star (by David Tan)

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