GE15 NEWS   Kudat Independent MP backs unity government | Hamas leader congratulates Anwar on appointment as PM | GRS will abide by Agong 's decision on formation of unity govt - Hajiji | Zahid, Wan Azizah, Loke win while Saifuddin, Rezal Merican lose | 
BUSINESS

Halal Malaysia Industrial Parks has attracted RM16 bln investments so far -- Tengku Zafrul

16/09/2022 01:33 PM

KUALA LUMPUR, 16 Sept (Bernama) -- Halal Malaysia Industrial Parks, a Halal Malaysia initiative, has attracted more than RM16 billion of investments, with RM9.5 billion, or 59%, of them being foreign direct investments (FDI).

Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said in the 111th People’s Financial Report (LKR 111) that 295 companies now operate in 22 halal industrial parks nationwide, including 42 multinational companies.

Halal Malaysia Industrial Parks is the largest halal hub in the world, covering 80,937.13 hectares in 14  strategic halal parks, which have received Halal Malaysia status (HALMAS) from the Halal Development Corporation (HDC). 

The finance minister said Halal Parks offers world class facilities, skilled labour, ease of doing business, and access to halal ingredients, apart from other attractive government incentives.

“Malaysia has maintained its highest halal product ranking compared with 81 countries, based on Global Islamic Economy Indicator (GIEI) in the report 'State of the Global Islamic Economy 2022'. 

“The assessment was done based on the digital economy initiative, development of halal infrastructure, and the government’s enhanced focus towards food security and health,” he added.

The GIEI also forecast that the global halal market will expand from  RM8.8 trillion (US$2.09 trillion) as reported in 2021 to almost RM14 trillion (US$3.27 trillion) by 2028. 

Under the 12th Malaysia Plan, the halal industry is expected to contribute 8.1 per cent to the country’s gross domestic product (GDP) and generate RM56 billion in exports in 2025 compared to RM31 billion in 2020.

“The micro, small and medium enterprises (MSMEs) in the halal industry are not forgotten.

“Under Budget 2022, to produce more halal MSMEs that can compete in global markets, RM25 million have been allocated to the HDC for it to implement various programmes for them, including in the areas of digital branding and halal competitiveness,” Tengku Zafrul said.

-- BERNAMA


Bernama provides the latest authentic and comprehensive news and information to media agencies and the public. The news and information is disseminated via the website www.bernama.com; BERNAMA TV broadcasts on the Astro 502, unifi TV 631 and MYTV 121 IFLIX channels as well as BERNAMA Radio on the FM93.9 frequency in the Klang Valley, FM107.5 in Johor, FM107.9 in Kota Kinabalu and FM100.9 in Kuching.

Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial

© 2022 BERNAMA   • Disclaimer   • Privacy Policy   • Security Policy