Malaysia Launches 10-year Tourism Plan After $25 Billion Loss

Malaysia has launched a 10-year plan on Wednesday to revive its tourism economy, after a loss of nearly $25 billion this year due to the pandemic.

Malaysia has launched a 10-year plan on Wednesday to revive its tourism economy, after a loss of nearly $25 billion this year due to the pandemic. 

Malaysian Prime Minister Muhyiddin Yassin said the country will launch a “special tourism investment zone,” which also aims to attract local and international investments.

Malaysia expected around 30 million tourists this year, which was not achieved due to the coronavirus pandemic. 

In 2019, the tourism sector contributed 15.9 percent to the country’s gross domestic product, amounting RM240.2 billion, or around $60 billion. 

The prime minister said, “Clearly, we have been impacted by the outbreak of the Covid-19 epidemic this year, and economic activities related to the tourism industry… are being forced to face their most difficult moments.”

Malaysia has reported 98,737 cases of Covid-19 as of Wednesday night. 


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