Penang records stable inflow of FDI

Susan Loone

Modified 14 Feb 2017, 4:58 am

Despite the challenging economic landscape, Penang continues to record stable inflow of foreign direct investment, said Chief Minister Lim Guan Eng.

Lim said that between 2008 and 2015, the state's FDI stood at RM36.7 billion.

"This is twice the amount of domestic investments recorded at RM18.3 billion,totalling RM55 billion,” Lim said in a press conference today.

Earlier, he had announced a new RM100 million investment from Scandinavian IBS (SIBS), a Sweden-based industrialised building system company to be set up in Penang Science Park in Batu Kawan.

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