How many foreign investment missions did Penang undertake since 2018?

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Penang Undertook 11 Foreign Investment Missions Since 2018

The Penang government has participated in a total of 11 investment missions abroad between 2018 and September of the current year. These missions were aimed at fostering foreign investment and maintaining Penang's standing as a key destination for global businesses. The level of confidence expressed by foreign investors towards Penang has been described as encouraging.
Participation in International Exhibitions and Working Visits

The investment missions undertaken by the Penang government included participation in the Medan Exhibition in Indonesia and various working visits. These overseas engagements provided platforms to connect with potential investors and explore business expansion opportunities. The state government, in collaboration with InvestPenang, actively sought to showcase Penang's economic strengths.
Key Destinations for Investment Missions

Notable destinations for these investment missions included Dubai, Taiwan, the United States, Armenia, Turkiye, Poland, and the Netherlands, alongside the Medan Exhibition in Indonesia. These visits facilitated direct engagement with international markets and stakeholders, underscoring Penang's proactive approach to attracting foreign direct investment.
Outcomes and Memoranda of Understanding

These missions have yielded tangible outcomes, including the signing of Memoranda of Understanding (MoUs). For instance, participation in the Medan Exhibition led to MoUs between Al-Haddad Malaysia and Al-Haddad Marketing Indonesia. Furthermore, a visit to Dubai in 2019 resulted in MoUs involving the Penang International Halal Hub (PIHH), Dubai Airport Free Trade Zone Authority (DAFZA), and the Halal Trade and Marketing Centre (HTMC) to promote the halal industry.

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How many foreign investment missions did Penang undertake since 2018?

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