Penang Targets RM 6.1 Billion Investments In 2011 To Attract High Value-Added, High-Tech, Knowledge Based Companies That Engender High-Income, Technology Transfer and Innovative Industries.
The Penang State Government is targeting to achieve RM6.1 billion investments for this year, which is 50% of the record RM 12.2 billion in 2010 and topped the investment charts for the first time in Malaysia. A lower figure has been set to attract high value-added, high-tech, knowledge based companies that engender high-income, technology transfer and innovative industries. Additionally the Gartner September 2010 report indicates that worldwide semiconductor revenue growth is expected to decrease from 31.5% in 2010 to 4.6% in 2011. This means that the growth rate will taper off.
