AmBank Group, through its Islamic banking arm AmBank Islamic Bhd, has extended RM222.8 million in financing to Suling Hill Development Sdn Bhd for the development of Northern TechValley @ BKE — a 175.6-acre freehold green industrial park in Seberang Perai Tengah, Penang.

Suling Hill Development is a 50:50 joint venture between AME Elite Consortium Bhd’s wholly owned subsidiary, Northern Industrial Park Sdn Bhd, and Majestic Gen Sdn Bhd. The project signifies AME’s first foray into northern Malaysia, aiming to replicate its award-winning green industrial park model in this strategic region.

Northern TechValley @ BKE is envisioned as a next-generation integrated industrial ecosystem with a projected gross development value (GDV) of RM1.3 billion. Designed with sustainability at its core, the park will focus on environmental stewardship, resource efficiency, and community well-being — aligning with Malaysia’s broader goals for industrial and economic advancement.

AmBank’s managing director of business banking, Christopher Yap, emphasised the bank’s support for national development efforts, saying the financing reflects AmBank’s commitment to building future-ready infrastructure. “We are proud to partner with reputable groups like AME and Majestic Gen in supporting the industrial growth of Malaysia, especially in key northern regions,” he said.

Dylan Tan, director of Suling Hill Development, described the venture as a strategic expansion for AME. “Northern TechValley @ BKE extends AME’s expertise in delivering sustainable industrial parks to Penang. It will serve as a platform for local and multinational businesses seeking a modern, green industrial environment,” he noted.

With construction plans underway, Northern TechValley @ BKE is poised to enhance Penang’s position as a key industrial and manufacturing hub in Malaysia.