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Penang SEED is a five-year plan that aims to achieve dynamic, equitable, and inclusive prosperity for all Penangites, in line with the Penang2030 theme of upgrading the economy to raise household incomes.
This plan builds upon the work done so far by the State EXCOs and agencies, as well as the deliberations at state-level committees involving experts and stakeholders from Penang, most notably the Penang Socio-Economic Recovery Consultative Council. The strategy outlines specific action plans to address critical economic challenges, with short-term measures to be completed within 2 years and medium-term measures within 5 years.
Penang SEED is intended to catalyse the strategic sectors identified under Theme B of the Penang2030 vision. In doing so, we established strategies for each of the industries:
- In the manufacturing sector, we aim to advance towards high-value manufacturing.
- In the tourism sector, we strive to strengthen competitiveness and sustainability.
- For creative industries and business services, we aim to nurture their growth with enhanced digital capabilities.
- In agriculture, we aim to boost resilience, growth, and productivity.
Cutting across all economic sectors, the Penang State Government has identified several policy enablers that will serve as the foundation for success. Strengthening the talent pipeline by investing in our people, enhancing infrastructure resilience to support businesses, and scaling up transportation and logistics services are among the key enablers.