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PENANG
Penang records approved manufacturing investments of RM14.1b in 2020
Bernama March 04, 2021 15:08 pm +08

GEORGE TOWN (March 4): Penang recorded total approved manufacturing investments of RM3.5 billion in the fourth quarter of 2020 (4Q20), bringing cumulative inflows to RM14.1 billion in 2020.

InvestPenang said the investment achievement for 2020 was the second highest in its history, which was only short of 2019’s historical high of RM16.9 billion, reflecting investors’ continued confidence in Penang as a sustainable investment location.

Of the RM14.1 billion, it said RM10.6 billion, or 75%, were made up of foreign direct investment (FDI), making Penang the third highest manufacturing FDI recipient in Malaysia, attributed to projects from DexCom Inc, Ultra Clean Holdings and Bruker Malaysia, among others.

https://www.theedgemarkets.com/artic...ts-rm141b-2020