Kulim Hi-Tech Park received more good news when Koperasi Tunas Muda Sungai Ara Berhad (KTMSAB) has firmed up their decision to take up a 17.9 acre prime land to develop a multi-modern commercial development that includes a hotel and a shopping complex at a gross development cost of about RM160 million over a 6-year period. The development site is bordered by the busy Lebuhraya Perdana and the newly-completed KHTP Sports Complex.
The decision to proceed with this development is timely given the existing plans to expand Kulim Hi-Tech Park by Kulim Technology Park Corporation Sdn Bhd, as well as the presence of an astute 85-point programmes by the Kedah Government to transform the surrounding Kulim area into a greater economic region.
The Signing of Lease Agreement for the subject land was held on 22 December 2015 between Kulim Technology Park Corporation Sdn Bhd (KTPC) represented by Dato’ Dr. Annuar Mohd Saffar, President of KTPC; and Dato’ Ir. Mansor bin Musa, Chairman, KTMSAB at the latter’s Headquarters in Penang.
Also present to witness the simple yet significant milestone event were the senior executives of KTPC as well as the board of directors of KTMSAB.