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Penang eyes record manufacturing investments after RM17.3b secured in first half

GEORGE TOWN, Sept 3 — Penang is optimistic it will surpass last year’s RM22.4 billion in approved manufacturing investments after securing RM17.3 billion in the first half of...

Malay MailOpalyn Mok2026-09-03 13:00查看原文 ↗

Penang is projected to exceed last year's RM22.4 billion in approved manufacturing investments, having already secured RM17.3 billion in the first half of 2026, with several projects yet to be reported.

The growth is attributed to the AI supercycle and a significant increase in expansion projects, accounting for RM11.9 billion of the total investments.

Foreign direct investment comprised 74% of the total, indicating strong international interest.

These investments are expected to create 19,337 jobs and bolster the local economy over the next 18 to 24 months.

GEORGE TOWN, Sept 3 — Penang is optimistic it will surpass last year’s RM22.4 billion in approved manufacturing investments after securing RM17.3 billion in the first half of 2026, with several projects yet to be reflected in the latest figures.

InvestPenang chief executive officer Datuk Seri Loo Lee Lian said the additional projects were not included in figures released by the Malaysian Investment Development Authority (Mida) last week.

“We have a few more projects that haven’t been included in the figure, so once [they are] included, we hope to achieve more than last year,” she said at a press conference with Penang chief minister Chow Kon Yeow in Komtar today.

Chow attributed the outlook partly to the artificial intelligence (AI) supercycle, which he said had benefited Penang and other South-east Asian economies.

“Penang’s RM17.3 billion in approved manufacturing investments from January to June represented a 38 per cent increase from the corresponding period last year,” he said.

The figure accounted for 34 per cent of Malaysia’s total approved manufacturing investments, he said.

Chow said the state had continued to receive enquiries and requests for additional land from existing companies seeking to expand.

Expansion projects made up RM11.9 billion, or 69 per cent, of the total approved investments, while new projects accounted for RM5.4 billion, he said.

“It is not only new foreign direct investment and new domestic direct investment, but expansion of existing operations as well,” he said.

The approved investments cover 177 projects and are expected to create 19,337 jobs.

Foreign direct investment amounted to RM12.8 billion, or 74 per cent of the total, while domestic direct investment reached RM4.5 billion, up 125 per cent year-on-year.

Chow said the figures should encourage small and medium enterprises to pursue opportunities in the state’s large industrial ecosystem and supply chain.

He said the impact of current approved investments would likely be felt over the next 18 to 24 months, after plants are built, equipped, staffed and begin operating.

“Penang has consistently recorded good results over the years,” Chow said.

He added that the state was equally optimistic that the AI boom would continue drawing investments into Malaysia and Penang.

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槟城预计2026年上半年已获批制造业投资额将超过去年的224亿令吉，达到173亿令吉，还有几个项目尚未公布。

这一增长归功于人工智能超级周期和扩张项目的显著增加，占总投资额的 119 亿令吉。

外国直接投资占总额的74%，表明国际社会对其兴趣浓厚。

预计这些投资将在未来 18 至 24 个月内创造 19,337 个就业岗位，并提振当地经济。

乔治市，9月3日讯——槟城乐观地认为，在2026年上半年获得173亿令吉的制造业投资后，将超过去年的224亿令吉，但一些项目尚未反映在最新的数据中。

槟城投资促进局首席执行官拿督斯里卢利莲表示，这些新增项目并未包含在马来西亚投资发展局（MIDA）上周公布的数据中。

“我们还有一些项目尚未计入统计数据，所以一旦计入，我们希望能够取得比去年更大的成就，”她今天在光大与槟城首席部长曹观友举行的新闻发布会上说。