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
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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.
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New generation of developer in Penang , for factory and facility building development.
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