Penang Development Corporation
Native name | Perbadanan Pembangunan Pulau Pinang |
|---|---|
| Company type | State-owned economic development corporation |
| Founded | 17 November 1969 |
| Headquarters | Tun Dr Lim Chong Eu Building, Bayan Lepas, George Town, Penang, Malaysia |
Key people |
|
| Revenue | RM527.1 million (2024) |
| RM208.5 million (2023) | |
| Total assets | RM5.603 billion (2023) |
| Total equity | RM5.693 billion (2023) |
Number of employees | 396 (2023) |
| Parent | Penang state government |
| Website | pdc |
The Penang Development Corporation (abbrev. PDC) is a state-owned economic development corporation in the Malaysian state of Penang. Established in 1969, it serves as the primary development agency of Penang, responsible for planning and implementing development within the state. As a statutory body of the Penang state government, the PDC is chaired by the state's Chief Minister who serves as its chairman, while oversight is provided by the federal Ministry of Economy.