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The Bayan Lepas Free Industrial Zone (Bayan Lepas FIZ) is a free trade zone within George Town in the Malaysian state of Penang. Located adjacent to the Penang International Airport and 12 km (7.5 mi) south of the city centre, it is a high-tech industrial park widely regarded as the Silicon Valley of the East. [3] [4] [5]
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 ...
Port Klang Free Zone (PKFZ) is a 1,000-acre (4.0 km 2) commercial and industrial zone established in 2004 in Malaysia. [1] It is a regional distribution hub as well as a trade and logistics centre offering extensive distribution and manufacturing facilities. It is located along the Straits of Malacca, Port Klang, Klang, Malaysia.
Bayan Lepas is a suburb of George Town in the Malaysian state of Penang.Located near the southeastern tip of Penang Island, 15 km (9.3 mi) south of the city centre, it is home to the Penang International Airport, the third busiest airport in Malaysia, as well as one of the oldest free industrial zones in the country.
[5] [6] By 2002, the cost of the fabrication plant swelled to RM 6.5 billion (US$1.7 billion). [7] In 2005, 1st Silicon announced the production of 0.13 micron wafers, first in Malaysia to do so. [8] Despite making losses over the years, Sarawak state government continued to invest in 1st Silicon for the benefit of the future generation. [9]
Terms include free port (porto Franco), free zone (zona franca), bonded area (US: foreign-trade zone), free economic zone, free-trade zone, export processing zone and maquiladora. Most commonly a free port is a special customs area or small customs territory with generally less strict customs regulations (or no customs duties or controls for ...
Silicon Island will cover an area of 2,300 acres (930 ha) and is intended to serve as an extension of the Bayan Lepas Free Industrial Zone (Bayan Lepas FIZ). [1] Reclamation of the islet is targeted to be completed by 2032.
In 1980, the Perai Free Industrial Zone was created with the aim of becoming a significant manufacturing hub for bulk items, taking advantage of its proximity to the Port of Penang and the railway line that connects it to the rest of western Peninsular Malaysia.