Cities, People and the Economy – A Study on Positioning Penang

For Penang to break out of this the state must retain its core export firms and develop them as clusters linked with support services. To achieve excellence and to avoid “blind diversification”, six focus areas have been identified as drivers of Penang’s economy – technology based manufacturing, biotechnology/life sciences, business-process outsourcing (BPO), logistics, tourism (with niches in medical tourism and meetings, international conventions and exhibitions or MICE) and agribusiness.