Penang remains magnet for American investors

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Penang remains magnet for American investors
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US companies are attracted to the state’s talented workforce and robust infrastructure.

US Embassy chargé d’affaires Manu Bhalla during a recent visit to American medical devices company Boston Scientific in Batu Kawan, Penang.

Mida and InvestPenang data show that US investments in Penang in the manufacturing sector hit over US$6 billion cumulatively from 2008 to June this year. “There are hardly any expats if at all. So, you can have a 4,000-employee facility in Penang, and there might be one or two expats, and the rest are Malaysian employees running that high-tech operation.

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