Penang, Mutiara LRT, a game changer for Penang
In 2024, Penang strengthens its national tech investment hub status after securing RM17.3 billion in approved manufacturing investments.
Announced by Chief Minister Chow Kon Yeow in his Labour Day message he said it spans over 182 projects and these investments are set to create 16,254 jobs, bolstering the state’s thriving industrial ecosystem.
Chow highlighted Penang’s robust economic outlook, with the unemployment rate dropping to an impressive 2.2%, as per the Labour Force Survey for Q4 2024. This achievement underscores Penang’s commitment to sustainable growth and innovation, reinforcing its reputation as a premier destination for technology-driven development and economic prosperity in Malaysia.
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