Penang is the top destination within Malaysia for foreign investors; the state held the largest share of Malaysia's foreign direct investment (FDI) in 2017, gaining nearly of the nation's overall FDI. In addition, George Town was ranked Malaysia's most attractive destination for commercial property investment by Knight Frank in 2016, surpassing even Kuala Lumpur. The bulk of Penang's FDI originated from Switzerland, Germany, Hong Kong, the Netherlands, Ireland and Singapore. It is an attractive destination for FDI as it continued to receive investment during the Coronavirus disease 2019, when it received the second highest level of investment in Q1 2020.