After Iskandar Development Region (IDR) in southern Johor, now there is Penang Global City Centre, part of the Northern Corridor Economic Region (NCER) blueprint which was launched on Monday (the first package).
Some RM20 billion worth of properties were planned over 15 years to redevelop the Penang Turf Club site in George Town.
PGCC, envisioned to be one of the world’s first zero-carbon city, will be modelled along the lines of the Kuala Lumpur City Centre.
To be developed by Equine Capital (indirect shareholding), the PGCC will be one of five high-impact projects for Penang State under the NCER.
The initial proposal by Asymptote, called Mutiara Complex Penang, now known as Penang Global City Centre.
PGCC will be designed by Hani Rashid from Asymptote Architecture in New York and Nasrine Seraji from Atelier Seraji in Paris. The new design will be unveiled in September.
The eco-city development is expected to include a 10.4ha public park, two five-star hotels, a performing arts centre, retail outlets, two iconic office towers, residential properties and a world-class convention centre.
Asymptote’s 2005 Masterplan for Penang
Once the eco-city is completed, an estimated 20,000 people will be working there.