10/10/2026
Developed by the Penang Development Corporation (PDC), the RM296 million GBS By The Sea was officially launched on 2 August 2025.
The nine-storey building offers approximately 290,000 square feet of premium office space for engineering, research and development (R&D), and digital services.
Its three major tenants are:
• AMD (United States), one of the world's leading semiconductor companies.
• Microsoft (United States), through its Microsoft Knowledge Capital Centre.
• Celestica (Canada), a global electronics manufacturing and technology solutions provider.
Together, their operations are creating more than 1,000 high-value jobs for Penang's workforce.
The development is part of a much larger state government strategy.
In 2024, Penang unveiled its 105-acre IC Design and Digital Park, with plans to provide one million square feet of premium technology space.
The first phase involved RM347 million for GBS By The Sea and GBS TechSpace.
The state is expanding further.
In November 2025, Penang announced GBS@Technoplex, a RM500 million development targeted for completion by the end of 2028.
The new 10-storey facility will accommodate integrated circuit design, artificial intelligence, R&D and digital companies.
These projects build upon earlier state-backed GBS facilities at Mayang and Mahsuri, which have attracted major companies including Jabil, Swarovski, Cisco Systems and Clarivate.
Through PDC's build-and-lease approach, Penang is investing in specialised infrastructure that international companies need to expand their operations.
The economic benefits extend to engineers, software developers, researchers, technology graduates and supporting businesses.
Penang's ambition is to capture more high-value activities across the global technology supply chain.
And the presence of AMD, Microsoft and Celestica shows that this strategy is already attracting world-class companies.
Sources:
https://www.bernama.com/en/news.php?id=2452494
https://investpenang.gov.my/press-release-gbs-by-the-sea-a-premium-office-building-in-penang-ic-design-and-digital-park-to-house-three-prominent-design-development-centres/
https://investpenang.gov.my/press-release-penang-unveils-plans-for-its-ic-design-and-digital-park/
https://investpenang.gov.my/press-release-penang-unveils-the-development-of-gbstechnoplex-to-harness-ai-growth-and-cement-its-position-as-malaysias-digital-innovation-hub/
https://www.pdc.gov.my/images/pdf/penerbitan/annualreport2017.pdf
