PETALING JAYA --- As the custodian of Malaysia’s Halal economy, Halal Development Corporation Berhad (HDC) today unveiled Malaysia’s performance within the Halal industry as it continues to spearhead the development of economic catalysts aimed at bolstering Malaysia’s positioning as the most competitive country within the global Halal sector.
According to its statement to the media, HDC’s Chief Executive Officer, Hairol Ariffein Sahari, spoke of the overall economic impact of the Halal industry, forecasted to contribute approximately 7.0 per cent for 2019 and 7.4 per cent to Malaysia’s GDP by the year 2020.
“Through increased consumer confidence, Malaysia registered a Halal export value of RM40.2 billion in 2019, a slight increase as compared to RM40.0 billion in the previous year, backed by higher imports from the Americas. In 2019, the Americas contributed an estimated RM4.0 billion of imports from Malaysia as compared to RM3.7 billion in 2018, displaying a year-on-year increase of 7.7%”.
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