Malaysian Official Says Halal Market Value to Contribute to 11% of Country’s GDP by 2030
This is according to Deputy Prime Minister Seri Dr Ahmad Zahid Hamidi, who added that the value would contribute to 11% of the country’s gross domestic product (GDP).
“The global halal industry is projected to reach RM22.34 trillion by 2030 with the total Muslim population estimated to reach 1.6 billion people.
“Meanwhile, the value of Malaysia's domestic halal market is projected to increase to RM400bil, thus contributing 11% to the GDP by 2030,” said Ahmad Zahid, who is also the Rural and Regional Development Minister, during a working visit to the Mara Food Industry Complex (Kimar) in Kuala Lumpur on Tuesday (Feb 28).
Ahmad Zahid also said 12,500 entrepreneurs had benefitted from Mara’s halal industry development through grants, funding and premises rentals last year.
“These entrepreneurs have successfully generated RM12bil in annual sales and created over 15,000 job opportunities,” he added.
The minister also said that to enhance the productivity of the factories in Kimar, he approved Mara’s request to increase the electricity voltage.
“I’ve received requests on the voltage capacity, and I would like to announce that the ministry will approve it.
“I hope with this, Kimar would be able to be a step ahead in the halal industry,” Ahmad Zahid added.
He also launched the rebranding of Kimar as Mara Halal Industrial Park to further boost the competitiveness of the agency.
Source: thestar.com.my
