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Silicon Island: One year of transformation for Penang

Property News/ 12 October 2024 Leave a comment

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One year after the commencement of Silicon Island’s development in September 2023, the project has already demonstrated significant progress and positive outcomes for Penang’s economy, environment, and local communities. This ambitious initiative, undertaken by the Penang state government, has achieved numerous milestones in its first year, showcasing the broad benefits it brings to the region.

One of the most remarkable achievements is the creation of over 35 acres of new land, which will serve as the foundation for the Green Tech Park. This cutting-edge industrial zone will house an LRT depot, public recreational spaces, business opportunities, and affordable housing. It marks a major step toward a future-focused, sustainable development strategy for Penang.

Economically, Silicon Island has injected over RM1.4 billion into the local economy, contributing to the creation of jobs and the growth of local businesses. More than 1,500 contracts have been awarded to local traders and contractors, and over 370 Malaysians have gained employment as a direct result of the project. These efforts reflect the project’s focus on driving sustainable economic growth.

The initiative has also brought tangible benefits to Penang’s fishing community. Over RM10 million in financial aid has been disbursed to 680 fishermen, helping them improve their livelihoods. In addition, 97 fishermen have received new boats equipped with advanced engines and technologies, enhancing their safety and productivity. A further 482 fishermen have enrolled in fully funded seafarer upskilling programs, enabling them to adapt to changing industry demands.

Hundreds of fishermen’s children have also benefited from educational initiatives, including career guidance and STEM programs, which are fully funded by the Silicon Island project. These programs aim to provide the next generation with the knowledge and skills needed to thrive in a rapidly evolving world.

Environmentally, the project has planted 23,200 mangrove trees as part of its ecology offset masterplan, creating new marine habitats and supporting biodiversity. Local fishermen have reported an increase in marine catch due to the new land protecting their fishing grounds from strong waves. According to data from the Department of Fisheries, the last quarter of 2023 saw a rise in marine catches, with no evidence of fish depletion.

These outcomes, shared by Joshua Woo Sze Zeng, the State Assemblyman for Pulau Tikus, highlight how Silicon Island has positively impacted Penang in just its first year. With benefits spanning economic, social, and environmental dimensions, the project is set to continue transforming the region for years to come.

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