SEBERANG PERAI, April 19 -- Nine in 10 investments in Penang announced by the Malaysian Investment Development Authority (Mida) have been realised within a few years, said Penang Chief Minister Chow Kon Yeow.

He said the realisation rate of investments in Penang is high at between 85 per cent and 90 per cent.

"I would say that investments that were announced in Penang are realised 90 per cent of the time, such as this facility by LEM Malaysia, the groundbreaking ceremony was held two years ago and today, it is the opening of the plant," he said at the official opening of LEM Malaysia's first facility in Malaysia at Penang Science Park here.

Chow said the strong supply chain in Penang will benefit investors and new multinational compani...