Housing and Local Government Minister Zuraida Kamaruddin said Penang was economically empowered to lead.
Penang recorded investments of RM3.83 billion in the first nine months of 2018, comprising RM2.16 billion in foreign direct investment (FDI) and domestic investment of RM1.67 billion.
FEDEX Express (FedEx), a subsidiary of FedEx Corp, has invested RM17.6mil on its Penang Gateway facility at MAB New Cargo Complex at Penang International Airport.
Following the launch of its new integrated facilities at the Penang International Airport, global logistics services provider FedEx is training its sights on the mainland for further expansion.
FedEx Express Malaysia managing director SC Chong said the new facilities, 1 in Seberang Perai (Penang) and 1 in Johor, would be launched this year to further bolster the company’s regional logistics network.
The Penang Green Connectors Project, which will see the development of various parks and amenities on a massive 18,000ha of the island, is beginning to take shape as part of the state’s Penang Vision 2030 target.
A new portfolio called Digital Transformation will be created under the Chief Minister’s office to enhance the momentum under Industry Revolution 4.0.