Revitalising the Pearl of the Orient
Since 1969, the Penang Development Corporation (PDC) has spearheaded the development of the State. Reflecting its success is how Penang today has the 6th highest GDP and the 3rd highest GDP per capita in the nation, PDC CEO, Datuk Mohd Bazid Abd Kahar, highlights how the organisation is driving the State forward.
“PDC is, was and will always remain THE premier development agency of the State. And I have to thank my predecessors for having for their foresight and acumen in leading PDC. These are my mentors.
I have a great team who stand with me in all instances and who are committed to reaching targets come what may. We have proven this by our stellar performance for 2020, even with the global pandemic. We let nothing get in our way, and we change quickly and creatively. This team is my backbone.
Although PDC is a statutory body, we work at speeds akin to the private sector, and have set targets that are regularly monitored to ensure complete and timely execution and implementation. We have excellent networking with our government and private counterparts. Our tenacity to achieve targets is second to none, and we are goal-oriented and focused.
Turning Dreams into Reality
My vision for PDC is for us to chart new futures for Penang and its people. To put that into reality, my team and I have drawn up a Strategic Plan running from 2019 right through to 2023. Notwithstanding COVID, we have managed to achieve the targets set in the Plan for the years 2019 and 2020.
We are forging ahead to develop Bandar Cassia, Batu Kawan into the country’s first smart eco city – where technology blends with nature, where life is upgraded and lifestyle sustained. We are already in discussions with TM on this and I am certain 2021 will see a breakthrough in this aspect of Bandar Cassia’s development.
A full blown integrated and comprehensive medical hub is in the works. This will encompass a full-range of medical related industries, such as a Fortune 500 company medical devices for specialist hospitals located here, and residences for patients and their families and the general public.
At the same time, we have not forgotten the island. We have opened an RFP (Request For Proposal) for reclamation of Gold Coast – south of the first Penang Bridge. Components include a waterfront with international standard hotels, commercial and integrated developments, and a medical and technology hub, which will transform the Bayan Lepas seafront.
In addition, we are working on turning around a number of subsidiaries. And I hope that PDC will have a subsidiary listed on the Second Board of Bursa in the future. To this end we are revamping the management, the SOPs, the culture of the companies.
We are exploring and embarking on new business models and new projects designed to ensure PDC’s sustainability. I know all these plans and effort will chart the way for PDC to rise further to the top. I am certain of that.”