Role Of The Developer In Industrial Development For Local Client And Foreign Investor In Penang
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Date
2007-04
Authors
Chen, Chee How
Journal Title
Journal ISSN
Volume Title
Publisher
Universiti Sains Malaysia
Abstract
Development is much like any other economic activity, in that society's wants and needs
are satisfied through the application of scarce resources. The goals of investment for an
economy as a whole represent a composite of what the government intends and expects to
be able to do itself, and what it believes foreign private investors can and will boost the
local economy by bring in foreign capital.
The study focuses on the role of the new generation of developer in Penaflg for factory
and facility building development. This research have been carry out to concentrate to the
objectives of identifying the current status of the developers or contractors of industrial
development in Penang State, and the role which they are playing in the development
industry, identifying the status of Penang State as the strategic place for local and foreign
investment, and identifying the factors attracting foreign investor. The results of the
research show that the main roles of the industrial developers in current construction
industry, is providing the development consultation service, design, supervision and
management of the proposed project. 67% of the stakeholders think that introducing the
foreign investment and fiscal incentives policy to investor either foreign or local should
be one of the indUstrial developer's roles. The research also shows that Penang is
categorised as one of the developing state in Malaysia, suitable for developing high
technology industry. Some main factors attracting foreign investor to Penang, such as
good political governance and political stability, the government have also provided
attractive economic development policies, the current manufacturing industry and
construction industry are full of skill and unskilled labour, and high education level
among the community.
Typically the significance of the industrial developer's responsibilities include developing
the industrial project by providing needed predevelopment capital, identifying and
supervising the development team, organizing the cooperative among all related parties,
marketing, arranging for financing the industrial project, overseeing construction process,
and providing required guarantees. The industrial developer must have extensive
knowledge of federal, state and local government policies, regulations and standards;
thorough knowledge of development theories and processes, and ability to effectively
apply managerial methods.
Description
Keywords
New generation of developer in Penang , for factory and facility building development.