MALAYSIA - PGCC to create 40,000 jobs

The egde daily, 13-09-2007

PENANG: The Penang Global City Centre (PGCC) will give Penang a major boost in economic development, particularly the tourism sector, and is expected to create some 40,000 jobs.
The PGCC will initially generate 5,000 jobs in the construction industry, and when completed, will create over 20,000 jobs in the retail industry, 10,000 office jobs, 2,000 jobs in the service and health care industry, 1,000 in the convention centre and 4,000 in the hotel industry.
The project, with a gross development value (GDV) of over RM20 billion, is being developed by Abad Naluri Sdn Bhd, a subsidiary of Equine Capital Bhd over the next 18 to 20 years.
The PGCC, to be developed under the Northern Corridor Economic Region (NCER), will comprise two towers, a metropolitan park, the Penang Performing Arts Centre, high-end retail outlets, a convention centre and condominiums.

>>Full article