Official Opening Of Hexagon Tech Park

5th December 2013, www.penang.gov.my

YB Chow Kon Yeow, Exco Kerajaan Tempatan, Pengurusan Lalulintas dan Tebatan Banjir, ADUN for Padang Kota

YB Jagdeep Singh A/L Karpal Singh, Exco Perancangan Bandar & Desa Dan Perumahan, ADUN Dato Keramat

YB Lim Hock Seng, Exco Kerjaraya, Utiliti, Pengangkutan, ADUN for Bagan Jermal

YB Lim Siew Khim, ADUN for Sungai Pinang

YB Wong Hon Wai, ADUN for Air Itam

YB Tuan Jeff Ooi Chuan Aun, Member of Parliament for Jelutong

TimeDotCom’s CEO

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Ladies and Gentlemen:

Good morning.

Today, we will see the opening of an abandoned building that was given a new breath of life as Hexagon Tech Park.

This building, previously known as Kompleks Adorna Diamond, was an abandoned project for 14 years. Now, it revived and rebranded as a high tech building that provides fibre-optics based high-speed internet access.

This building will be the first dual-purpose building that allows offices and light industries to operate within it along this busy main road.

It will be a good location for professional and high-tech firms including R & D companies, software designers, service centres, call centres and other light industries due to its proximity to the city centre and its connectivity to the Free Industrial Zone in Bayan Lepas and the Penang Bridge.

As we all know, Penang is dubbed as the Silicon Valley of Malaysia due to the large semi-conductor, electronics and electrical factories that had catalyzed the growth of the industry here.

We have top manufacturing companies like Intel, Bose, Honeywell and Motorola, medical devices like B Braun and St. Jude Medical and in the services sector, we have Wilmar, IHS, Air Asia and Citigroup.

While the manufacturing industry contributes 50% of the GDP of Penang, we are now focusing on growing the services and tourism sector even more.  We believe Penang has all the facilities needed to reach its potential as one of the 31 Business Processing Outsourcing (BPO) hubs of the future.

For the past two years, we have been focused in growing the services sector because it employs 100% locals and provides higher salary jobs to our locals.

We have received good response from the services sector that we are almost running out of Grade A office space and even First Solar Corporation, which is based in Kulim, has set up its shared services outsourcing hub here.

So, the completion of this revived project now is timely to provide more office space for the services & tech-industrial sector.

I am sure such a service will benefit companies that rely heavily on high speed internet for their day-to-day business such.

This 13-storey building contains a total 161 units, with sizes ranging from 700 sq ft to 20,000 sq ft.

Other than providing high speed internet to its tenants, the building also comes equipped with high-end CCTV surveillance that ensures tight, 24-hour security.

This building, which was just given its Certificate of Fitness by the MPPP on Nov 20, is repositiond as a future-proofed building in the state.

Therefore, I would like to commend the companies involved in reviving the project, namely the liquidator Ferrier Hodgson MH Sdn Bhd, the white-knight contractor appointed to complete the project, D’Bright Bina Sdn Bhd, which is part of Tamarins Group and property manager Raine & Horne, for undertaking this monumental task.
Cost of refurbishing this building is RM19.80 million. We need more high tech buildings such as this so that Penang will take the lead to be the preferred location as a BPO hub in this region.
Once again, well done to Ferrier Hodgson and D’Bright Bina and congratulations on the opening of this splendid building.
Thank you.