Penang’s Silicon Island development is projected to contribute at least RM1.1 trillion to the state’s gross domestic product (GDP) by 2050, further strengthening Penang’s position as a leading high-tech economic hub in the region. The large-scale project is also expected to create approximately 220,000 jobs across strategic sectors, including advanced manufacturing and the digital economy.

Chief Minister Chow Kon Yeow said the state government remains committed to developing Silicon Island through urban planning guided by best practices and strong Environmental, Social and Governance (ESG) principles. According to him, this approach will enhance Penang’s appeal to both global and regional investors while positioning the state as a key destination for future-ready industries.

Speaking at the launch of the Publicity and Public Participation Programme for the Draft Penang Silicon Island Local Plan (RTPSI) 2050 on April 7, Chow highlighted that the plan marks a national milestone as Malaysia’s first local plan fully developed for a reclaimed greenfield area using integrated GeoBIM database technology.

Spanning 2,300 acres of newly reclaimed land, the masterplan allocates 553 acres for a Managed Industrial Park, complete with plug-and-play facilities to support high-value industries and accelerate investment readiness. Sustainability remains a key pillar of the development, with targets that include a 45% reduction in carbon emissions, the use of 100% renewable energy at the Green Tech Park, and a 70:30 public transport modal split to encourage greener mobility.

The development will also feature the iconic Heart of the Island (HOTI) as well as land reserved for a modern and efficient state administrative centre, reinforcing the island’s role as a comprehensive economic and civic hub.

Chow called on stakeholders, private sector players, and local communities to provide constructive feedback throughout the publicity period to ensure the final plan reflects an inclusive and sustainable vision for Penang’s future.

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