Technology, property and construction sectors booming in Penang

RHB Research noted that government incentives and the forthcoming light rail transit in the state would further stimulate investments and job creation, and drive growth in the technology, property, and construction sectors.

PETALING JAYA: Penang is witnessing robust growth in its technology, property and construction sectors amid an ongoing economic boom in the state.

Buoyed by continued investment inflows, particularly in the electrical and eletronics (E&E) industry, and supported by infrastructure upgrades, Penang has reported an increase in job creation and growth in household disposable income leading to surging demand for real estate.