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Even though Penang is the 2nd smallest state in Malaysia, it is the 3rd largest economic power after Selangor and Johor. The economic power is supported by the multinational companies in the semiconductor and PC industries that are advancing in to 'Silicon Valley'. Furthermore, Georgetown which is the capital city of Penang has been registered as a UNESCO World Cultural Heritage in 2008 and is a popular tourist destination. Further development of the state is expected due to the expansion of Penang International Airport and the opening of Penang 2nd Bridge connecting Penang Island.
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