Penang is well located, has Malaysia’s “highest economic density” and is home to dozens of development and infrastructure projects, making it the Federal Government’s preferred regional hub for the northern corridor.
Major projects are already underway, including construction of a second bridge to the mainland and a big expansion of Penang’s international airport. The government also wants to increase the capacity of Penang Port, attract even more tourists and create another multimedia super corridor to bring more technology companies to the state.
Penang’s proximity to Thailand, population density and established reputation as a tourism hotspot makes it ripe for further development. The government would like to see it as a leader for growth in the northern region, as well as stimulating the state’s own economy and increasing employment.
source & article: Bernama via The Edge Malaysia