Penang Unveils RM296 Million ‘GBS By The Sea’ Project At Technoplex, Bayan Lepas

GEORGE TOWN, Penang has strengthened its position as a global hub for business and technology with the official launch of “GBS By The Sea,” a landmark RM296 million development located at Technoplex in Bayan Lepas.

Penang Chief Minister Chow Kon Yeow described the project as a bold move that underscores the state’s shift toward a knowledge-based and innovation-driven economy. Spanning 290,000 square feet, GBS By The Sea is the fourth initiative under Penang’s Global Business Services (GBS) programme.

“The facility is already fully occupied by three global industry players—Advanced Micro Devices Global Services (AMD), Celestica Platform and Cloud Solutions Malaysia, and the Microsoft Knowledge Capital Centre,” Chow said during the launch ceremony today.

“These companies are not only investing in Penang but also creating over 1,000 high-value jobs in R&D, engineering, digital services, and other future-focused sectors. These are the types of careers we aim to offer to Penangites,” he added.

Also present at the event were State Infrastructure, Transport and Digital Committee chairman Zairil Khir Johari, Penang Island City Council (MBPP) Mayor Datuk A Rajendran, and Penang Development Corporation (PDC) CEO Datuk Aziz Bakar.

Chow highlighted that the facility includes more than just office space—it also features a gym, cafeteria, and a six-storey car park with 800 bays.

He emphasised that the GBS sector would be central to Penang’s continued transformation from a manufacturing stronghold into a modern, tech-driven economy. “Projects like GBS By The Sea aren’t just symbolic—they deliver real value for both businesses and workers,” he said.

Chow noted that the development aligns with the 13th Malaysia Plan (13MP), which prioritises the shift to ‘Made by Malaysia’ and aims for higher growth through value-added industries.

Looking ahead, Chow announced that PDC is already planning a fifth GBS project—“GBS at Technoplex”—a RM500 million development offering over 400,000 square feet of space. Although still under construction, 16% of the space has already been pre-booked, signaling strong investor confidence in Penang’s growing appeal.

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