RM5.5 Billion Selangor Bio Bay Project Launched

Last update: 25/09/2017

KLANG, Sept 25 (Bernama) -- Central Spectrum (M) Sdn Bhd (CSSB) has launched the Selangor Bio Bay (SBB) mixed-development project in Pulau Indah.

Launched by Selangor Menteri Besar, Datuk Seri Mohamed Azmin Ali on Sunday, the RM5.5 billion project is sprawled over a 433-hectare area and will be built in three phases - Precint 1, 2 and 3, over a span of 20 years.

The SBB project will comprise a biotechnology research and development centre, commercial and industrial zones, residential units and recreational areas, among other developments.

Meanwhile, CSSB Chief Executive Officer, Mahmud Abbas, said the SBB project would become the only bio bay centre in Asia to be fully equipped with industrial, residential and recreational infrastructure.

"It offers far more advantages compared to the two other bio bay centres in China and India.

"In fact, we have received a number of positive feedback from international biotechnology companies which have expressed interest to begin their operations in the SBB," he said, adding that the project would be open for sale by early next year.

-- BERNAMA