Known as the Silicon Valley of the East for its industries, Penang is one of the most urbanised and economically-important states in the country. Penang Island, which includes George Town, is Malaysia's second largest city by population. Founded by the British in 1786, George Town is also a UNESCO World Heritage Site and a thriving tourist destination. In addition, Penang has the third highest Human Development Index in Malaysia, after the State of Selangor and the Federal Territory of Kuala Lumpur.