Penang is set to boost its gold and jewellery sector with the proposed Batu Kawan Gold Industrial Zone, Chief Minister Chow Kon Yeow announced during the 63rd anniversary of the Province Wellesley Gold and Silver Ornaments Merchants Association (PWGS) at the Iconic Marjorie Hotel in Bayan Lepas.

Chow emphasised the state’s commitment to building a globally competitive ecosystem rooted in craftsmanship, cultural heritage, and innovation. “Seberang Perai, especially Batu Kawan, has become one of Penang’s most promising economic corridors. The proposed industrial zone aims to transform the area into a regional hub for gold trading and innovation,” he said.

He revealed that two major developments within the zone are nearing completion and will soon begin operations. These projects are expected to generate high-skilled employment, facilitate technology transfer, and enhance the economic value of the sector.

Penang’s strong retail performance in gold, coupled with its status as a key tourism destination, provides a solid foundation for growth. With shifting global investment trends and the impact of US import tariffs, gold and silver have gained popularity as preferred commodities. Chow noted that Penang’s logistical infrastructure positions it well to become a regional re-export hub for gold-based products.

He commended PWGS for its six decades of contribution to the industry, calling the anniversary a testament to the association’s unity, resilience, and progressive leadership. Chow also recognised the association’s pivotal role in shaping the vibrant and competitive gold and jewellery landscape in Penang today.