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Economy

PDC to set aside RM5bil for 15 projects

PETALING JAYA: The Penang Development Corp (PDC) will allocate RM5bil to implement 15 high-impact projects under the 2024 to 2028 Strategic Plan, including RM3bil to grow its land bank.

PDC chief executive officer Datuk Aziz Bakar said the RM5bil is expected to be spent in the next seven to eight years and will be a catalyst for Penang’s economic growth. — Bernama

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