OVERVIEW PERFORMANCE SUSTAINABILITY FINANCIALS APPENDIX 77 ANNUAL REPORT 2024 THE LIGHT CITY, PENANG THE LIGHT CITY, 槟城 The Light City, located along the eastern coastline of Penang Island, is poised to become one of the city’s premier mega integrated waterfront landmarks. This iconic development encompasses a diverse mix of offerings, including The Waterfront Shoppes retail mall, the PWCC, hotel and office spaces and residential developments, Mezzo and Lightwater Residences. A striking addition to the city’s skyline, The Light City will offer luxurious living by the sea, an unparalleled shopping experience with waterfront dining options, the largest convention centre in Penang, world-class office spaces and international hotels. Rich in Penang’s cultural heritage, its retail and entertainment zones will incorporate elements of the island’s historic architecture and celebrated street food, making it an unmissable waterfront destination for locals and tourists alike. At the heart of this project, the state-ofthe-art PWCC is set to elevate Penang’s status as a leading destination for business tourism. Designed to host large-scale conferences, exhibitions and events, it will enhance the city’s appeal to both business and leisure travellers, further solidifying Penang’s position on the global stage. To further strengthen its global positioning, South Korean convention centre specialist KINTEX, renowned for delivering world-class events and exhibitions, has been appointed as the operator of PWCC. With its unique blend of residential, leisure, and hospitality offerings, The Light City offers an attractive synergy that sets it apart as a key focal point in Penang’s vibrant development. MALAYSIA REAL ESTATE
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