It is important to spur SME growth in the halal industry, as SMEs are the backbone of the country’s growth.
Medac and SME Corp jointly enhance the capacity and capability of SMEs to tap into halal opportunities
KUALA LUMPUR: It is estimated that by 2030, the global halal market will reach US$5.0tril (RM20.92tril), while the domestic market is expected to reach US$113.2bil (RM473.57bil).
Moreover, Malaysia’s halal industry contributed about 7% of the country’s gross domestic product (GDP) in 2020, which shows that Malaysia has proven successful in leveraging its potential as a Muslim-majority country.
Already a subscriber? Log in.
Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
