With a competitive edge underpinned by skilled workforce, robust supply chain, top-notch infrastructure and supportive governmental agencies, Penang is home to more than 350 MNCs and 4,000 SMEs, making it a preferred destination among investors. Being a regional manufacturing hub for the electrical & electronics (E&E), machinery & equipment (M&E), and medical technology industries, Penang is a key pillar to Malaysia's external trade in these industries. The State's vibrant economy is also complemented by a diverse service industry, which include global business services (GBS), tourism (including medial tourism) and others.
With the introduction of Penang 2030 green and smart state vision, Penang is on track to become an integrated business environment with advanced and high-tech facilities while ensuring sustainability, showing greater potential as a major attractor of investments from local and international businesses.
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