DPM: Retail sector registers second biggest share of visitor expenses last year

  • Nation
  • Friday, 30 May 2014

PETALING JAYA: Foreign tourists spent RM19.8bil on shopping in the country last year, a 6.3% increase from RM18.6bil in 2012, said Deputy Prime Minister Tan Sri Muhyiddin Yassin.

He said the retail sector constituted 30.2% of the total tourist expenditure last year against 30.7% in 2012.

The retail sector was a lucrative component of the country’s tourism industry, registering the second biggest share of tourist expenditure after the accommodation sector, he said when launching Encorp Strand Mall in Kota Damansara on Wednesday night.

A sprawling mixed development in Kota Damansara, the three-storey shopping mall has a 435,000sq ft floor area and multi-storey parking for 2,500 cars. It is the flagship of Encorp Strand.

Muhyiddin said 2013 registered RM65.4bil in tourist receipts, an increase of 8% against RM60.6bil in 2012.

He said that through close cooperation between the Govern-ment and tourism industry players to develop the country’s retail sector, Malaysia had garnered international recognition.

“For two consecutive years, 2012 and 2013, Kuala Lumpur was ranked by CNNTravel as the world’s fourth best shopping city after New York, Tokyo and London,” he said.

He said Encorp Strand, with its innovative plans and conducive infrastructure, could help stimulate the economic growth of the Kota Damansara satellite town.

The development would also indirectly support the Greater Kuala Lumpur/Klang Valley Masterplan to become one of the 20 metropolises in the world conducive for economic growth and living experience, he said.

“I am confident that Encorp Strand Mall will be a preferred shopping centre in Kota Damansara and the Klang Valley,” he added. — Bernama

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In Nation

RM90mil too paltry a sum to 'buy' PAS, says Hadi
Syed Saddiq did not inform EC of expenditure list for GE14 campaign, says MACC officer
Melaka schools to beef up security to prevent kidnapping attempts
Woman shared screenshots of her conversation with Ebit Lew containing lewd pictures, court told
Baby girl found abandoned at Bukit Jalil eatery
Banker confirms AmBank paid RM2.83bil to M’sian govt over 1MDB scandal
Lorry driver arrested for allegedly abusing twin sons
Four made homeless as fire destroys house, three cars and scooter in Melaka
PM: M’sia hopes UAE supports proposal for all continents to be represented as permanent members of UN Security Council
Malaysia supports ITU towards meaningful connectivity, says Annuar

Others Also Read