Penang tops investment in Malaysia
In 2010, Penang attracted the highest amount of investments in Malaysia, according to figures released by the Malaysian International Development Agency (mida). Investment in Penang totalled rm12.23bil, which represented a 465% increase on the previous year. According to mida statistics, new investments amounted to rm2.84bil while the balance of rm9.39 billion was re-investments by existing organisations. Total investment in Malaysia in 2010 was worth rm47.17bil, with Penang’s contribution making up 26%.
