Penang expects GDP to exceed RM100 bil with Smart Trade Facilitation hub

Penang expects GDP to exceed RM100 bil with Smart Trade Facilitation hub

The Edge Markets - Malaysia·2019-10-18 00:00

GEORGE TOWN (Oct 17): Penang’s Gross Domestic Product (GDP) is expected to surpass RM100 billion in the next few years following the State Government’s move to set up a Smart Trade Facilitation hub.

The State Government has collaborated with leading data technology specialist, Fusionex, to set up a smart trade facilitation and intelligent logistics platform, which would allow businesses to capitalise on the exponential growth of the digital economy as well as cross-border trade.

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