Sale of first industrial plots on Silicon Island to start in Q1 2027, says Penang CM

George Town, Oct 30 — Penang Chief Minister Chow Kon Yeow expects the first industrial plots on Silicon Island to go up for sale as early as the first quarter of 2027, according to a statement made today while tabling the Supply Bill at the state legislative assembly. The development on Silicon Island, focused on the 700-acre Green Tech Park, aims to become a green, smart, and sustainable high-tech industrial hub aligned with environmental, social, and governance (ESG) principles.

The sale of the first plots is anticipated to draw high-value investments, primarily in the semiconductor, automated test equipment, integrated circuit design, and medical device sectors. The first factory in the Green Tech Park is projected to commence operations by 2028, generating high-skilled employment opportunities for the people of Penang.

Chow Kon Yeow emphasized that Silicon Island's development transcends merely providing new land for industry; it represents a long-term investment yielding benefits for the local economy. As of September 30, a total of 4,531 contracts, valued at RM1.92 billion, had been awarded to local contractors and businesses. Regarding the overall development, Chow Kon Yeow noted that 500 acres had been reclaimed, accounting for 39.4 percent of the 1,270-acre Phase 1 by October. In May, a 64.85-acre site was prepared for the Mutiara Line LRT depot.