Penang island running out of space for new projects

Heng Huck Lee, President The Free Industrial Zone, Penang, Companies’ Association (FREPENCA) at the recent Channel NewsAsia’s Malaysia Business Insights forum.

GEORGE TOWN: The proposal to acquire 323ha for industrial expansion is very timely as the island is running out of space for new projects to take off.

Frepenca immediate past chairman Datuk Heng Huck Lee (pic) said Penang is in a very good position to attract fresh investments from the aerospace space sector due to the surrounding electronic and electrical supply-chain eco-system, as the aerospace industry is set to expand rapidly in Asia Pacific over the next five to 10 years.