Wholesale & Retail
Malaysia's wholesale and retail sector is a significant contributor to GNI. It contributed about RM57 billion (USD16.1 billion) to GNI in 2009 and also contributed around 500,000 jobs. To achieve the 2020 GNI target, retail will be a key driver of domestic consumption, which in turn, will lead to economic growth.
There are 13 Entry Point Projects (EPPs), and 2 confidential EPPs (White Lab EPPs) that will only be discussed at a future date.
Business opportunities and baseline growth are expected to contribute RM45.2 billion (USD13 billion) to GNI, and create around 226,000 additional jobs. This growth will be driven by three distinct economic drivers.
The first is higher retail expenditure per capita due to increased GNI per household by 2020. Secondly, urbanisation will also contribute, as the migration from rural to urban areas creates higher demand for goods and services, including higher value-added products. Lastly, population increase will also result in demand for more goods and services.
RM187.6 billion (USD53.6 billion) of private sector funding and investments will be required to capitalise on the business opportunities.
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