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.

Its prime location situated along the Butterworth-Kulim Expressway (BKE), further enhanced by a proposed flyover link bridge developed by Suling Hill Development provides direct access and offers seamless connectivity to Penang and Kedah, making it an ideal hub for high-value-added industries, including advanced manufacturing, high-tech, and integrated logistics operations.

Officially launched on 28 October 2024, the development has already achieved GreenRE certification for both its township and buildings, aligning with national ESG compliance and green growth initiatives.

Northern TechValley @ BKE integrates sustainability across its design, emphasising community well-being and environmental stewardship. It incorporates recreational areas and comfortable managed worker accommodations to provide an optimal environment for the park community.

This park is designed for environmental performance and climate resilience via its sustainable practices. These include extensive garden landscaping that seamlessly blends nature with industrial spaces, and high-performance, environmentally friendly building materials like reflective glass and translucent sheets that maximize natural lighting and minimize heat transmission, optimizing energy consumption and lowering operational costs for tenants.

“This financing reflects our commitment to support Malaysia’s industrial and economic growth, especially in key northern regions. We are proud to partner with reputable groups like AME and Majestic Gen – and to play a role in building future-ready infrastructure for the country,” said Christopher Yap, Managing Director, Business Banking, AmBank Group.

“This joint venture is a significant milestone for AME as we strategically expand our presence into the northern region. Northern TechValley @ BKE extends AME’s proven expertise in developing and managing sustainable industrial parks to Penang. The project will deliver a future-ready ecosystem that meets modern industrial demands and supports the growth of both local and multinational businesses,” said Dylan Tan, Director, Suling Hill Development Sdn Bhd.

“With strong infrastructure, strategic location, and green-certified features, Northern TechValley @ BKE is exceptionally positioned to attract high-value industries and catalyse economic development in the region. We are confident that this project will set a new benchmark for integrated industrial parks in northern Malaysia,” said Ta Wee Dher, Director, Suling Hill Development Sdn Bhd.