Penang’s Manufacturing Sector in Numbers

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The manufacturing sector remains a key economic driver in Penang, contributing about 43% to Penang’s economy, and consistently making up about 13% of the sector’s GDP of Malaysia. Ranked second, Penang received the largest-ever approved manufacturing investment in 2019 (Table 1). As of Q3 2019, a total of RM13.3bil investment was approved, which will create about 15,000 employments in the state. Additionally, about 91% of the entire approved investment was contributed by foreign investors as of Q3 2019, while domestic investors made up the remaining 9%. This trend coincided with the historical pattern of Penang’s manufacturing investment, whereby foreign investment has always ...


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