Pulau Pinang’s competitive edge lies in its skilled workforce, robust supply chain, top-notch infrastructure and government support, making it a preferred destination for companies to establish their presence in the state.
Pulau Pinang also serves as NCER’s main international trade hub via Penang Port, the third largest cargo seaport in Malaysia. With excellent rail and road connectivity to Southern Thailand and the northern Malaysia states, Penang Port provides strong logistics support for the importation of raw materials and exportation of finished products.
Known as the Pearl of The Orient, Pulau Pinang is the only NCER state with a GDP per capita exceeding the national average. Although it is doing relatively well, it needs to sustain its growth momentum in order to be the catalyst for the region’s growth and development.
Pulau Pinang’s strategic positioning under the NCER Strategic Development Plan is aimed at intensifying the state’s Research and Development and Commercialisation (R&D&C) sector, together with other sectors such as logistics, health, as well as archaeo- and heritage tourism.
Pulau Pinang will continue to leverage on its strengths to achieve a balanced development and create a family-focused, green and smart state that inspires the nation, as outlined in the Penang 2030 Vision.
TARGETS FOR PULAU PINANG BY 2025
A total of 9 Key Development Zones have been identified in Pulau Pinang, namely, Batu Kawan Industrial Zone, Greater Butterworth-Permatang Pauh-Bukit Mertajam Growth Corridor, Kepala Batas-Tasek Gelugor Growth Node, Seberang Perai Aquaculture Zone, George Town Development Zone, Transkrian Development Zone, Penaga-Kepala Batas Food Security Zone, Balik Pulau-Teluk Bahang Biodiversity Zone, and Kuala Muda Biodiversity Zone.