CHIEF Minister Chow Kon Yeow has joined InvestPenang on an investment mission to Japan, one of the pioneering nations in the state's Bayan Lepas Free Industrial Zone.
Chow, in a statement today, cited that he would be leaving today until Saturday for the investment promotion mission with the aim of seeking new capital to boost the state's robust digital economic eco - system.
“The objectives are to renew ties and forge relationships with the corporate headquarters of Japanese investors in Penang. This effort aims to encourage the expansion of their Penang sites and attract new investments," he said.
The mission also seeks to update Japanese companies on the latest developments and opportunities available in Penang, including information on recent advancements in infrastructure and policy changes to facilitate investment.
By enhancing visibility and further promoting Penang as a prime location, the mission also targets potential investors in the electrical and electronics (E&E), semiconductor, equipment, and medical devices industries, Chow said.
The state delegation will participate in a series of meetings and site visits with the corporate headquarters of Japanese investors in Tokyo, Kyoto, and Kumamoto.
Apart from that, InvestPenang is also participating as one of the exhibitors in the Kumamoto Industrial Revitalization Expo, happening on Feb 20th and 21st.
Kumamoto is a hub for the Japanese semiconductor industry, and this area is often referred to as "Silicon Island" due to its growing semiconductor industry concentration.
This mission is a valuable opportunity to showcase Penang's strengths, innovations, and commitment to being a resilient and sustainable investment location, stated Chow. - February 16, 2025.
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