GEORGE TOWN: Penang continues to assert its position as a preferred investment destination for both new and existing investors, with a recorded RM12.5bil in approved manufacturing investments in the first half of financial year 2025 (1H25), representing a 150% year-on-year increase.
InvestPenang said the approved manufacturing foreign direct investment (FDI) inflows amounted to RM10.5bil from January to June, or 84% of the total, making Penang the top contributor of manufacturing FDI in Malaysia with a 20% share of the nation’s total during the period.
“The United States, China and the Cayman Islands emerged as the top three sources of FDI, collectively contributing 60% of Penang’s total approved manufacturing FDI.
“On the domestic front, Penang recorded RM2bil in approved manufacturing investments, representing 16% of the state’s total and marking a 51% year-on-year increase,” it said in a statement.
The state government agency said the investment inflows in Penang spanned across 86 projects and are expected to provide 11,116 new job opportunities. — Bernama
