Wholesale, Retail To Contribute RM156 Billion To GDP By 2020

PUTRAJAYA, Jan 10 (Bernama) -- The wholesale and retail sector which has 12 entry point projects (EPP) under the National Key Economic Area (NKEA) is expected to contribute RM156 billion to the country's Gross Domestic Product (GDP) and create 454,190 job opportunities by 2020.

Source from (Bernama): http://www.bernama.com/bernama/v6/newsbusiness.php?id=920725
Published: January 11, 2013

Domestic Trade, Co-operatives and Consumerism Minister, Datuk Seri Ismail Sabri Yaakob, said the sector had contributed RM89.38 billion to GDP as at end of the third quarter last year, an increase by eight per cent from the previous year's corresponding period.

"On the whole, the wholesale and retail sector of Malaysia had contributed 13 per cent to the country's GDP," he told a press conference here Thursday.

Ismail Sabri said the 12 EPPs to drive the sector comprised the Small Retailer Transformation Programme or TUKAR, Automotive Workshop Modernisation or ATOM, Makan Bazaar, Large Format Growth, Duty Free, Virtual Mall, 1Malaysia Mall, Foreign Brand Acquisition, Wellness Resort, 1Malaysia Unified Sale, Big Box Boulevard and the KLIA Retail Hub.

For this year, Ismail Sabri said his ministry was planning on modernising another 500 retail shops under TUKAR, 75 automotive workshops under ATOM, as well as the opening of three supermarkets and 13 superstores and one Makan Bazar.

-- BERNAMA