Malaysia’s Halal Industry to be Strengthened in Expectation of Increased Export Revenue by 2025

As per the 12th Malaysia Plan (12MP) document issued by the country’s Economic Planning Unit (EPU), steps are being taken to improve the Halal industry with the industry’s export revenue estimated to grow to MYR 56 billion in 2025 from MYR30.6 billion in 2020, thus contributing roughly 8.1% to Malaysia’s Gross Domestic Product (GDP).

Why it Matters?

With the objective to produce competitive domestic Halal industry players, in order to capture a bigger global Halal market share, a series of steps are to be taken such as developing of Halal talent, establishing Halal professional recognition, increasing industry development with Bumiputera participation and increasing competitiveness among products. As a global hub, Malaysia would be a...