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Sovereign Wealth Funds Briefing - Categorized | Investment

Penang signs with Temasek to set up RM11.3b SSO hub

Posted on 03 June 2014

Penang Development Corp (PDC) has signed an agreement with Singapore’s Temasek Holdings to establish a RM11.3 billion gross development value shared services hub in Bayan Lepas and Batu Kawan, according to InvestPenang director Datuk Lee Kah Choon.
Lee said PDC will make way for the setting up of a Business Process Outsourcing (BPO) Prime office building at the current 2.7 hectare site (ha) and the Penang International Technology Park will be developed on a 80ha site at the mainland………………………………………..Full Article: Source


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