Artist impression

In a major boost to Penang’s economic and healthcare landscape, Fajarbaru Builder Group Bhd (FBG) and the Penang Development Corporation (PDC) have signed a Master Purchase and Development Agreement (Master PDA) to create the groundbreaking Penang Medi-City in Batu Kawan. This transformative project aims to establish a medical and commercial hub that will attract global attention and investment.

Transforming Batu Kawan with Medi-City

Spanning 235.81 acres in Bandar Cassia, Penang Medi-City will be developed in phases, with the first phase covering 51.17 acres. This initial stage will prioritize a state-of-the-art urban enclave that seamlessly integrates healthcare, residential, retail, and commercial components. It is expected to contribute RM2 billion to Penang’s gross domestic product (GDP) upon completion.

FBG Group Executive Chairman Tan Sri Chan Kong Choy highlighted the project’s extensive economic and social benefits. “The development is expected to generate tens of thousands of jobs across construction, healthcare, retail, and more,” he stated. “Medi-City will position Penang as a competitive, forward-thinking hub, attracting businesses and residents from across Malaysia and beyond.”

Chief Minister Chow Kon Yeow echoed this sentiment, emphasizing Medi-City’s potential to enhance Penang’s economic resilience and global competitiveness. He also noted the synergy between Batu Kawan’s industrial zone and the Medi-City ecosystem, envisioning significant collaboration opportunities.

Phase 1: Healthcare and beyond

The first phase of Penang Medi-City will feature a 200-bed specialist hospital occupying 30% of the development area. The remaining land will accommodate residential, commercial, and infrastructure projects, creating a balanced and vibrant ecosystem for both local and international communities. This phase underscores the state’s commitment to becoming an international medical hub equipped with comprehensive healthcare solutions and modern facilities.

Strategic partnerships and long-term vision

FBG and PDC have secured the support of key strategic partners, including Pelaburan Hartanah Berhad (PHB), Cellaax Therapy, KJTS Group Berhad, and Solarvest Energy Sdn Bhd. These collaborations reflect the confidence in Medi-City’s potential and its capacity to drive economic and healthcare innovation.

With three development phases planned, Penang Medi-City will eventually house four private hospitals alongside an extensive range of residential and commercial facilities. While details of the remaining 184.64 acres have yet to be unveiled, the project’s overarching vision is clear: fostering unity, building community, and driving innovation.

“Penang Medi-City is not just about healthcare,” Chan emphasized. “It’s about creating an inclusive environment that promotes growth and strengthens Penang’s position as a leading hub for medical excellence.”

The signing ceremony at the Eastern and Oriental Hotel in George Town was witnessed by distinguished guests, including Yang di-Pertua Negeri Tun Ahmad Fuzi Abdul Razak and Chief Minister Chow Kon Yeow, signaling strong governmental support for this ambitious initiative.