Malaysia is primed to be developed nation by the year 2020. IT revolution has made a big impact on the country as a whole and specifically in the Penang state. As the pulse of the nation and Malaysia's Silicon Valley, Penang current environment is excellent for business opportunity because it moves hand-in-hand with the enhancement of knowledge and high-skilled society.
The Government policies strongly encourage more MSC status companies to be set up in Penang. Therefore, it has been officially granted the Cybercity status, providing a hi-tech growth platform for the state. The state government has also gazetted Bayan Baru & Bayan Lepas Industrial Area and its vicinity as Penang Cybercity 1.