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24-487: Formerly an agricultural village, the development of Batu Maung into a residential neighbourhood began in the late 20th century. Part of the Bayan Lepas Free Industrial Zone actually lies within the township, which also houses the headquarters of WorldFish Center and a deepwater fishing port. Batu Maung is home to an active fisheries industry. It contains a deepwater fishing port, as well as

48-543: A North American industrial park is a water tower , which helps to hold enough water to meet the park's demands and for firefighting purposes, and also advertises the industrial park and locality, as usually the community's name and logo are painted onto its surface. This idea of setting land aside through this type of zoning has several purposes: Benchmarking helps to rank industrial parks based on various criteria, including performance, investment, environmental protection, social responsibility, and governance (ESG). For

72-537: A nearby highway, and with only the basic utilities and roadways. Public transportation options may be limited or non-existent. Industrial parks in developing countries such as Pakistan face a myriad of additional difficulties. This includes the availability of a skilled workforce and the clustering together of radically different industrial sectors (pharmaceuticals and heavy engineering, for example), which often leads to unfavorable outcomes for quality centered industries. An industrial park specializing in biotechnology

96-855: Is a free trade zone within George Town in the Malaysian state of Penang . Located adjacent to the Penang International Airport and 12 km (7.5 mi) south of the city centre , it is a high-tech industrial park widely regarded as the Silicon Valley of the East . Created in 1972 as Malaysia's first free trade zone, the Bayan Lepas FIZ played a critical role in Penang's economic diversification and

120-452: Is an area zoned and planned for the purpose of industrial development . An industrial park can be thought of as a more heavyweight version of a business park or office park, which has offices and light industry , rather than heavy industry . Industrial parks are notable for being relatively simple to build; they often feature speedily erected single-space steel sheds, occasionally in bright colours. Industrial parks are usually located on

144-547: Is an incomplete list of multinational firms within the Bayan Lepas FIZ. In 2021 alone, the Bayan Lepas FIZ received almost RM71 billion of investments, about 93% of Penang's total investments that year. An estimated RM295,173 million worth of exports also passed through the Penang International Airport throughout 2021, the largest among all entry and exit points in Malaysia . Industrial park An industrial park , also known as industrial estate or trading estate ,

168-403: Is called a biotechnology industrial park. It may also be known as a bio-industrial park or eco-industrial cluster. Flatted factories exist in cities like Singapore and Hong Kong , where land is scarce. These are typically similar to flats , but house individual industries instead. Flatted factories have cargo lifts and roads that serve each level, providing access to each factory lot. India

192-476: Is now home to various multinational corporations , including Bosch , Motorola , Dell , Intel and Hewlett-Packard . The 1,400-acre (5.7 km ) Bayan Lepas FIZ was the brainchild of Lim Chong Eu , who served as the Chief Minister of Penang between 1969 and 1990, in response to Penang 's economic downturn at the time. George Town , Penang's capital city, had its free port status revoked by

216-478: The Malaysian federal government in 1969, leading to massive unemployment which peaked at 16.4%. Lim identified the electronics sector as having the best potential to absorb the state's excess semi-skilled workforce. Nearly 1,000 acres (4.0 km ) of land adjacent to the Penang International Airport were acquired for the construction of Malaysia's first free trade zone , as well as the adjacent township of Bayan Baru . The Penang Development Corporation (PDC)

240-461: The Samurai Eight —were the first multinational companies to set up factories within the zone, followed by several other firms including Motorola and Dell . These firms are also supported by smaller, local-owned enterprises and startups , such as Piktochart . Consequently, the manufacturing sector became one of Penang's largest economic sectors, while the zone itself has been described by

264-468: The Snake Temple . Phase 3 was partially built on reclaimed land, while Phase 4, the largest and final phase, was completed by the 1990s. The FIZ proved successful in attracting multinational firms and its creation played a vital role in reversing Penang 's economic crisis. Intel , AMD , Hewlett-Packard , Clarion , National Semiconductor , Hitachi , Osram , and Bosch —collectively known as

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288-517: The war. Following the war's end, the fort was left forgotten until its eventual conversion into a war museum in 2002. The Penang War Museum still retains the original military structures and equipment left behind by the British forces, such as bunkers, tunnels and machine-gun emplacements. The museum also serves as a venue for paintball activities. Bayan Lepas Free Industrial Zone The Bayan Lepas Free Industrial Zone (Bayan Lepas FIZ)

312-668: The Fisheries Research Institute of Malaysia 's Fisheries Development Authority . Plans have been mooted by the Malaysian federal government to develop Batu Maung into an international tuna fishing port. However, the construction of the tuna port eventually stalled in 2011 and has never been completed to this day. Following the completion of the Second Penang Bridge in 2014, land prices at Batu Maung have increased tremendously, luring property developers to launch more residential projects within

336-622: The Special Economic Zones (SEZs) Policy was announced in April 2000. A special economic zone (SEZ) is a geographical region that has economic laws that are more liberal than a country's domestic economic laws. India has specific laws for its SEZs.The category 'SEZ' covers a broad range of more specific zone types, including free-trade zones (FTZ), export processing zones (EPZ), free zones (FZ), industrial estates (IE), free ports , urban enterprise zones and others. Usually,

360-622: The edges of, or outside, the main residential area of a city , and are normally provided with good transportation access, including road and rail . One such example is the large number of industrial estates located along the River Thames in the Thames Gateway area of London . Industrial parks are usually located close to transport facilities, especially where more than one transport modes coincide, including highways , railroads , airports and ports . Another common feature of

384-547: The goal of a structure is to increase foreign direct investment by foreign investors, typically an international business or a Multi National Corporation (MNC) . Notable SEZs in India An organized industrial zone ( Turkish : Organize Sanayi Bölgesi ) is a kind of special economic zone in Turkey . These zones were legislated for between 2000 and 2007, and may bring together related (OIZs for function) industries or just be

408-561: The headquarters of WorldFish Center , an international, non-profit fisheries research organisation, and the Fisheries Research Institute of Malaysia 's Fisheries Development Authority . Batu Maung is linked to the city centre via the Tun Dr Lim Chong Eu Expressway , which has its southern end within Batu Maung itself. In addition, the Second Penang Bridge connects the neighbourhood with Seberang Perai ,

432-566: The international press as the Silicon Valley of the East . The Bayan Lepas FIZ lies next to the Penang International Airport , allowing for ease of exports. This elevated George Town as the top exporter among Malaysian cities . In addition, the FIZ is also connected to the city centre , the Penang Bridge and the Second Penang Bridge via the Tun Dr Lim Chong Eu Expressway and the pan-island Malaysia Federal Route 6 . The following

456-546: The mainland half of the State of Penang. Opened in 2014, the 24 km (15 mi) long bridge is currently the longest in Southeast Asia . The major roads within Batu Maung are Jalan Batu Maung and Jalan Permatang Damar Laut. Due to the worsening traffic congestion, road-widening projects have commenced along stretches of these roads. Rapid Penang bus routes 302, 305 and 307 include stops within Batu Maung, linking

480-429: The manufacturing companies located in industrial parks, the performance of industrial park operators is important, as the costs for infrastructure and services charged by the industrial park operator is a serious factor for the competitiveness of the manufacturing companies. Different industrial parks fulfill these criteria to differing degrees. Many small communities have established industrial parks with only access to

504-445: The neighbourhood with Bayan Baru , SPICE Arena , Sungai Nibong and the city centre. Batu Maung is served by two primary schools and a high school . Primary school High school Batu Maung is home to an active fisheries industry and a deepwater fishing port. As a hub for the fisheries industry, Batu Maung contains the headquarters of WorldFish Center , an international, non-profit fisheries research organisation, as well as

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528-723: The neighbourhood. Located at Batu Maung, the Penang War Museum was originally a British Army fort built in the 1930s. However, when the Imperial Japanese Army invaded Penang in December 1941, the Commonwealth forces, led by Lieutenant-General Arthur Percival , evacuated Penang Island without a shot being fired. The abandoned fort was subsequently captured and put to use by the Japanese during

552-654: Was one of the first countries in Asia to recognize the effectiveness of the Export Processing Zone (EPZ) model in promoting exports, with Asia's first EPZ set up in Kandla in 1965. In order to overcome the shortcomings experienced on account of the multiplicity of controls and clearances; absence of world-class infrastructure, and an unstable fiscal regime and with a view to attract larger foreign investments in India,

576-712: Was tasked with the construction of both the zone and the township. To attract multinational corporations to the zone, the Free Trade Zones Act was enacted by the Malaysian federal government in 1971 and pioneer tax incentives were offered. The first phase of the FIZ, covering an area between the airport, Jalan Sultan Azlan Shah and the Keluang River, was opened in 1972. The zone has since been expanded and developed in phases. Phase 2 encompasses an area between Jalan Sultan Azlan Shah, Bukit Gedung and

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