Summary
- RM17.32 billion in investments approved.
- 177 projects receive approval.
- Nearly 20,000 jobs expected.
GEORGE TOWN, November 1 — Penang recorded RM17.32 billion in approved investments across 177 projects during the first six months of 2026, according to the state’s 2027 budget presentation.
Foreign direct investment accounted for RM12.83 billion, while domestic investment contributed RM4.49 billion. The approved projects are expected to generate 19,337 employment pportunities across the state.
Penang has also set a RM10 billion manufacturing investment target for 2027 as part of its strategy to strengthen economic growth.
