Halal industry to expand to US$113.2bil by 2030, GDP contribution 8.1% by 2025 - Tengku Zafrul

KUALA LUMPUR: Malaysia’s halal industry is projected to expand to US$113.2 billion (US$1=RM4.43) by 2030, with a gross domestic product (GDP) contribution of 8.1 per cent by 2025 through the Halal Industry Master Plan 2030 (HIMP 2030).

International Trade and Industry Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said the ministry is fully committed to continuing to enhance all components of the halal ecosystem towards elevating Malaysia’s position as a key player in the global halal market and capitalising on the two-billion-strong global Muslim population.