Besides Citigroup, the Penang Development Corp is wooing other Fortune 500 companies to open their offices at the 16-storey office tower in Bayan Mutiara PENANG Development Corp (PDC), the state's development arm, plans to build a RM100 million office tower in Bayan Mutiara on the island, which is set to be its flagship commercial building.It is also in talks with Citigroup to make the US bank the anchor tenant of the 16-storey building. PDC is also wooing other Fortune 500 companies to open their offices there."PDC has made its presentations and submitted proposals to Citigroup, and the latter is said to be deliberating the matter at its head office in the US."The corporation is also eyeing other top global names to invest there," an industry source said.
(New Straits Times 18-2-2008)
