GEORGE TOWN, Oct 6 (Bernama) -- Penang secured RM2.3 billion in approved investments in the medical technology (MedTech) sector from 2021 to the first quarter of 2026, involving 40 projects and creating nearly 4,500 jobs, said Chief Minister Chow Kon Yeow.
Business : Penang Secures RM2.3 Bln MedTech Investments, Creates Nearly 4,500 Jobs
Chow Kon Yeow, Medical technology, Investments, J
BE Bernama 
Key takeaways
Penang secured RM2.3 billion in MedTech investments from 2021 to Q1 2026, creating nearly 4,500 jobs and boosting exports.
- Penang's MedTech sector has grown significantly, with 40 projects and 7 top global companies based there.
- The state's MedTech exports averaged 64% of Malaysia's total in the category between 2021 and mid-2026.
- Penang aims to double the number of local MedTech companies producing MDA-registered devices from 20 to 40.
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