KUALA LUMPUR, Aug 1 (Bernama) — AmBank Group through AmBank Islamic Berhad (AmBank Islamic) has extended RM222.8 million in financing to Suling Hill Development Sdn Bhd (“Suling Hill Development”), a 50:50 joint venture between Northern Industrial Park Sdn Bhd (“NIP”), the wholly-owned subsidiary of AME Elite Consortium Berhad (“AME”), and Majestic Gen Sdn Bhd.
The funding will advance the development of Northern TechValley @ BKE, a 175.6-acre green-inspired, freehold integrated industrial park strategically located in Suling Hill, Seberang Perai Tengah, Penang. The landmark project signifies AME’s strategic expansion into northern Malaysia, introducing its acclaimed green integrated industrial park concept to the region. Northern TechValley is designed as a next-generation integrated industrial ecosystem, projected to have a Gross Development Value (GDV) of approximately RM1.3 billion.
