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The Perai Free Industrial Zone (Perai FIZ) is a free trade zone within Seberang Perai in the Malaysian state of Penang.Located within the suburb of Perai and 4.7 km (2.9 mi) south of Butterworth, the Perai FIZ was established in 1980 with the aim of becoming a major manufacturing hub for bulk items, leveraging its proximity to the Port of Penang and the railway line that links it to the rest ...
The 1,400-acre (5.7 km 2) Bayan Lepas FIZ was the brainchild of Lim Chong Eu, who served as the Chief Minister of Penang between 1969 and 1990, in response to Penang's economic downturn at the time. [ 9 ] [ 10 ] [ 11 ] George Town , Penang's capital city, had its free port status revoked by the Malaysian federal government in 1969, leading to ...
[3] [4] In 2014, Malaysia's economy grew 6%, the second highest growth in ASEAN behind Philippines' growth of 6.1%. [5] The economy of Malaysia (GDP PPP) in 2014 was $746.821 billion, the third largest in ASEAN behind Indonesia and Thailand and the 28th largest in the world. [6] [needs update]
Penang Shipbuilding and Construction - Naval Dockyard Sdn Bhd (PSC-ND), was a division of the Penang Shipbuilding and Construction Industries Bhd (PCSI), a Malaysian Government-Linked Company (GLC), based in Lumut, Perak, Malaysia. The company's primary role was to maintain the Royal Malaysian Navy (RMN) fleet and the Lumut Naval Dockyard.
The result of a merger between three medium-sized local construction companies – IGB Construction Sdn. Bhd. (Ipoh Garden Bhd.), Jurutama Sdn Bhd and Mudajaya Sdn Bhd, IJM was formed in 1983. In April 2007, IJM acquired the Road Builder Group ("RBH"), its nearest competitor, to augment its position as one of the country's biggest builders.
The town's tin industry players include Malaysia Smelting Corporation, the world's second largest supplier of tin and a subsidiary of the Singapore-listed Straits Trading Company. [26] Meanwhile, the Port of Penang is the third busiest seaport in Malaysia, handling 1.52 million TEUs of container in 2017. [7]
In 2017, the construction of the IKEA Batu Kawan store was launched by the Chief Minister of Penang, Lim Guan Eng. [5] Slated for completion by 2019, it is the first IKEA store in northern Malaysia and spans a built-up area of 39,979 m 2 (430,330 sq ft). [5] [23]
Pages in category "Companies based in Penang" The following 6 pages are in this category, out of 6 total. This list may not reflect recent changes. M. Maica Laminates; P.