Penang is the second smallest state among the thirteen states of Malaysia and is located in the northern region of Malaysia.
Ironically the second smallest state, yet Penang has developed and transformed from a stagnant, quiet and laid back state into a much sought-after Location of Choice for Investors, Destination of Choice for Tourists and a Habitat of Choice for those who desire sustainable living. Today, Penang is the one of the most dynamic, progressive and competitive state in Malaysia.
Penang has grown from over 40 years of industrial experience evidenced by the presence of the multinationals companies (MNCs) like Advanced Micro Devices, Agilent Technologies (formerly Hewlett Packard), Clarion, Fairchild Semiconductor (formerly N S Electronics), Renesas (formerly Hitachi), Intel, Osram (formerly Litronix) and Robert Bosch, the pioneers in Free Industrial Zones which choose to remain and continue to expand their businesses in Penang. Penang’s initial manufacturing success has famed Penang as ‘The Silicon Valley of the East’.
Penang is moving fast to another level of success in the shared services outsourcing (SSO) industry. The Penang State Government in envisioning the great potential of the SSO industry launched the Business Process Outsourcing-Information Technology Outsourcing (BPO-ITO) Hub in Bayan Lepas to attract global leaders in the SSO Industry to locate in Penang. The IT-BPO Hub in Bayan Lepas which is the first of its kind to be established in Malaysia is a milestone achievement for Penang.
Penang aspires to enhance its international and intelligent city status by leveraging on its highly innovative and sophisticated manufacturing and services sectors and will benchmark to international standards.
Penang has an interesting and rich history which takes one back to as early as 1786 when it was founded by Captain Francis Light. For over 200 years George Town, the capital of Penang was a centre of trading and cultural exchanges between the East and West. The influences of Asia and Europe have endowed George Town, Penang with a unique multicultural heritage. There are extensive heritage buildings encompassing houses of worship, residential and commercial buildings which represents the British era from the end of 18th century. The unique architectural and cultural townscape is unparalleled anywhere in East and Southeast Asia.
In 2008, George Town in Penang was inscribed as Unesco World Heritage Site. Penang’s old world charm draws from many of its historical buildings which further enhanced Penang as a preferred destination for tourists.
Besides the availability of the Penang International Airport, the Penang Port, extensive first class railway, Penang’s lastest infrastructure to boost businesses is the opening of the Penang Second Bridge, named after the fourteen King of Malaysia, Tuanku Abdul Halim Muadzam Shah. This 24 km, dual carriageway bridge connects Batu Maung on the Island and Batu Kawan in the Mainland will be key to the development of Penang’s next Growth Centre, the Batu Kawan Township.