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The Bayan Lepas Free Industrial Zone (Bayan Lepas FIZ) is a free trade zone within George Town in the Malaysian state of Penang. Located adjacent to the Penang International Airport and 12 km (7.5 mi) south of the city centre, it is a high-tech industrial park widely regarded as the Silicon Valley of the East. [3] [4] [5]
Bayan Lepas is a suburb of George Town in the Malaysian state of Penang.Located near the southeastern tip of Penang Island, 15 km (9.3 mi) south of the city centre, it is home to the Penang International Airport, the third busiest airport in Malaysia, as well as one of the oldest free industrial zones in the country.
Bayan Lepas Free Industrial Zone, also known as the Silicon Valley of the East Port of Tanjung Pelepas, the 15th busiest container port in the world. Bayan Lepas Free Industrial Zone, George Town, Penang; Labuan; Langkawi; Pangkor Perak, Alcohol, tobacco and vehicles are not Duty free. Port of Tanjung Pelepas, Johor [4] Tioman Island
Part of the Penang South Islands (PSI) master plan, Silicon Island will cover an area of 2,300 acres (930 ha) and is intended to serve as an extension of the Bayan Lepas Free Industrial Zone (Bayan Lepas FIZ). [1] Reclamation of the islet is targeted to be completed by 2032.
Bayan Lepas Free Industrial Zone, George Town, Penang; Hulu Klang Free Trade Zone (Statchippac, Texas Instrument) Kulim Hi-Tech Park, Kedah; Melaka Batu Berendam Free Trade Zone (Texas Instrument, Dominant Semiconductor, Panasonic) Pasir Gudang Free Trade Zone, Johor; Port Klang Free Zone, Klang, Selangor
Originally founded as an entrepôt, George Town's diversified economy is powered by the twin major sectors of manufacturing and services. Penang's path to industrialisation began in the 1970s with the establishment of free industrial zones at Bayan Lepas and Perai.
As a part of this economic transformation, the Bayan Lepas Free Industrial Zone (Bayan Lepas FIZ) was established in 1972. [75] The zone has played a significant role in Penang's economic growth over the decades since.
Penang has a total of 11 industrial parks, with two of them – the Bayan Lepas Free Industrial Zone (Bayan Lepas FIZ) and the Perai Free Industrial Zone (Perai FIZ) – designated as free-trade zones. [47] The Bayan Lepas FIZ is regarded as the Silicon Valley of the East, home to more than 300 multinational corporations (MNCs) including 39 ...