{"content":"A one stop agency providing  \ncomprehensive information on  \nPenang’s investment opportunities  \nand facilitating businesses on setting up\n------------------------------------------------------------------------------------------------------------------------------------------\n\n### RM 495 billion\n\nPenang’s Exports Value (2024)\n\n### RM 202 billion\n\nPenang’s Trade Surplus Value (2024)\n\n### RM 17.3 billion\n\nPenang’s Total Manufacturing Investment Value (2024)\n\n![](https://investpenang.gov.my/wp-content/uploads/2023/12/intoduction-business-asset.jpg \"intoduction-business-asset\")\n\nWhy Invest in Penang?\n---------------------\n\nPenang’s steady growth prospects and sound governance provide a conducive environment for investment, making Penang the preferred destination\n\n[Read More](/why-penang/)\n\n![Robust Ecosystem](https://investpenang.gov.my/wp-content/uploads/2023/12/bustling-ecosystem-asset.svg)\n\n##### Robust Ecosystem\n\nConducive business environment with strong and growing clusters\n\n![Future-Ready Talent](https://investpenang.gov.my/wp-content/uploads/2023/12/multifaceted-sustainable-talents-asset.svg)\n\n##### Future-Ready Talent\n\nIndustry ready and innovative multilingual talent pool\n\n![Proven Economic Performance](https://investpenang.gov.my/wp-content/uploads/2023/12/robust-economy-asset.svg)\n\n##### Proven Economic Performance\n\nRecording the highest GDP and top exporter in Malaysia\n\n![Competitive Advantage](https://investpenang.gov.my/wp-content/uploads/2023/12/competitiveness-asset.svg)\n\n##### Competitive Advantage\n\nMore than 50 years of industrial experience with robust supply chain\n\n![Sustainable Infrastructure & Accessibility](https://investpenang.gov.my/wp-content/uploads/2023/12/accessibility-infrastructure-asset.svg)\n\n##### Sustainable Infrastructure & Accessibility\n\nEstablished industrial parks and well-connectivity to major cities globally\n\n![Liveable & ESG-Centric City](https://investpenang.gov.my/wp-content/uploads/2023/12/liveable-city-asset.svg)\n\n##### Liveable & ESG-Centric City\n\nWork-live-play balanced with diversified culture, food and lifestyle\n\nWe create opportunities &  \nhelp you get where you need\n-------------------------------------------------------\n\n#### Electrical & Electronics\n\nThe electrical and electronics (E&E) industries in Malaysia aims to strengthen the available ecosystem especially in the area of semiconductor, solar energy, light emitting diodes (LED)…\n\n[Read More](/electrical-electronics/)\n\n![](https://investpenang.gov.my/wp-content/uploads/2023/12/medical-device-bg-asset.png \"medical-device-bg-asset\")\n\n#### Medical Devices\n\nThe medical devices ecosystem in Penang comprises a wide spectrum of sub-sectors including but not limited to consumables, implants & surgical instruments, and healthcare equipment.\n\n[Read More](/medical-devices/)\n\n![](https://investpenang.gov.my/wp-content/uploads/2024/01/img-precision-2.jpg \"img-precision\")\n\n#### Precision Engineering & Equipment\n\nThis sector mainly covers the engineering and manufacturing of precision tools and equipment for various industrial applications, including…\n\n[Read More](/precision-equipment-engineering/)\n\n![](https://investpenang.gov.my/wp-content/uploads/2024/01/img-aerospace-1.jpg \"img-aerospace\")\n\n#### Aerospace / Avionics\n\nWith SAM Engineering & Equipment taking a prominent presence here in the State together with few..\n\n[Read More](/aerospace-avionics/)\n\n![](https://investpenang.gov.my/wp-content/uploads/2024/01/img-other-manuafacturing.jpg \"img-other-manuafacturing\")\n\n#### Other Industries\n\nIn addition to the major sectors, Penang also actively promote investment in halal food.\n\n[Read More](/other-manufacturing-industries/)\n\nPenang, the Silicon Valley of the East\n--------------------------------------\n\n### A Diversified Business  \nEcosystem With  \nUnlimited Possibilities\n\n##### High Value Tourism / Hospitality\n\nPenang has been listed as one of the best destinations to visit for the ultimate Asia experience by CNN Travel.\n\n##### International Education\n\nPenang houses more than 30 institutes of higher learning & technical training centers.\n\n##### Meetings, Incentives, Conferences & Exhibitions (MICE)\n\nPenang has hosted numerous premier international events and expos.\n\n##### Healthcare & Wellness\n\nPenang is known for its availability of world-class medical services and facilities internationally.\n\n### Ride on The Wave  \nof Penang’s Blooming  \nDigital Economy\n\n##### Global Business Services (GBS)\n\nGBS is centralising work from any global location to optimise cost and streamline processes. This includes outsourcing where companies assign their support functions to third-party service providers.\n\n##### Integrated Circuit (IC) Design\n\nThe development of principal and supporting software as well as digital infrastructures to support applications in both industrial and business context.\n\n##### Other Services\n\nThe creative multimedia industry is making its mark as one of the most sought-after industries in the world.\n\n[Read More](/global-business-services-gbs/)\n\nLet InvestPenang be your first point of contact\n-----------------------------------------------\n\nAs the Penang State Government’s investment promotion agency, InvestPenang will help you get started in your plan to invest here. You can count on InvestPenang to provide the necessary facilitation and to assist you in your decision-making process.\n\n[Read More](/setting-up-business/)\n\n![](https://investpenang.gov.my/wp-content/uploads/2023/12/img-cheerful-man.jpg \"img-cheerful-man\")\n\nLatest Happenings\n-----------------\n\n[![](https://investpenang.gov.my/wp-content/uploads/2026/03/IMG_0375-scaled.jpg \"IMG_0375\")](https://investpenang.gov.my/press-release-monolithic-power-systems-established-engineering-and-test-center-in-penang-malaysia/ \"[Press Release] Monolithic Power Systems Established Engineering and Test Center in Penang, Malaysia\")\n\n10\n--\n\nTue\n\nMarch ‘26\n\n[![](https://investpenang.gov.my/wp-content/uploads/2026/03/Color-logo-with-background.png \"Color logo with background\")](https://investpenang.gov.my/press-release-hanic-propels-malaysias-semiconductor-value-chain-with-new-ic-design-and-advanced-packaging-hub-in-penang/ \"[Press Release] Hanic Propels Malaysia’s Semiconductor Value Chain with New IC Design and Advanced Packaging Hub in Penang\")\n\n04\n--\n\nWed\n\nMarch ‘26\n\n[![](https://investpenang.gov.my/wp-content/uploads/2026/02/IMG_8568-scaled.jpg \"IMG_8568\")](https://investpenang.gov.my/press-release-penang-gears-up-for-ate-campus-launch-with-collaboration-workshop-between-advanced-packaging-industry-players-and-local-ate-companies/ \"[Press Release] Penang Gears Up for ATE Campus Launch with Collaboration Workshop between Advanced Packaging Industry Players and Local ATE Companies\")\n\n27\n--\n\nFri\n\nFebruary ‘26\n\nUpcoming & Past Events\n----------------------\n\nStay Updated with InvestPenang e-Newsletters\n--------------------------------------------\n\n[Subscribe](/subscribe/)\n\n![](https://investpenang.gov.my/wp-content/uploads/2023/12/investpenang-logo.png \"investpenang-logo\")","original_url":"https://investpenang.gov.my/","word_count":637,"key_claims":["provide a conducive environment for investment"],"content_summary":"3 billion\n\nPenang’s Total Manufacturing Investment Value (2024)\n\nWhy Invest in Penang? \n\nRead More\n\n#### Other Industries\n\nIn addition to the major sectors, Penang also actively promote investment in halal food.","expertise_signals":["sustainable"]}