The Penang Development Corporation (PDC) is a household name in the state and has been synonymous with Penang’s growth for several decades. But for that relationship to continue, a re-organisation is being undertaken, along with other new initiatives.
Ever since the PDC was formed in 1969, it has spearheaded Penang’s development into a modern economy. The PDC’s groundbreaking industrialisation efforts included establishing Malaysia’s first Free Industrial Zone at the Bayan Lepas Industrial Park in 1972, which won the 1995 FIABCI (International Real Estate Federation) Award for best industrial park in Malaysia.
