Penang govt joined 11 foreign trade missions since 2018, says Chow

GEORGE TOWN: The Penang government has participated in 11 investment missions abroad from 2018 to September, said Chief Minister Chow Kon Yeow (pic).

He said that, overall, the level of confidence shown by foreign investors towards Penang is encouraging.

"Penang remains the main investment destination and the main base for global investors to expand their businesses, either in the manufacturing or service sectors.

"Investors also continue to have faith in investing in Penang because the government leadership always focused on strengthening the state's economic development and retaining Penang's reputation as a stable investment destination,” he said at the Penang State Legislative Assembly sitting here on Monday (Nov 20).

He said this when replying to a question from A. Kumaresan (PKR-Batu Uban) about the state government's participation in foreign investment missions.

Elaborating, Chow said among the state government's participation were the Medan Exhibition in Indonesia as well as the working visits by the Penang delegation to Dubai, Taiwan the United States, Armenia, Turkiye, Poland and the Netherlands.

He said the state government's joint participation with InvestPenang at the Medan Exhibition in 2018, 2019 and this year led to the signing of memoranda of understanding (MoU) between Al-Haddad Malaysia and Al-Haddad Marketing Indonesia.

Chow then added that the Penang delegation's visit to Dubai in 2019 led to the signing of MoUs between the Penang International Halal Hub (PIHH), Dubai Airport Free Trade Zone Authority (DAFZA) and the Halal Trade and Marketing Centre (HTMC) to promote the halal industry. - Bernama

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In Nation

Suspect arrested in Kedah over criminal threats against PM
Floods: Number of evacuees increase in Johor
Police probing sexual harassment claim against Mohd Agus, says IGP
Sabah hopeful UK will end travel advisory on east coast islands
Married couple nabbed in Hilir Perak for migrant trafficking
Sanusi only invited to PM's Bukit Kayu Hitam ICQS visit but showed up for another meeting, says Foreign Ministry
Kulai cops nab senior citizen, seize 60,000 litres of subsidised diesel
Sabah to organise spate of events in December
Ipoh cops nab 11 for running call centre, online gambling activities
Ipoh cops nab man wanted for mischief, criminal intimidation

Others Also Read