Business events generate RM332.1 million

Abdul Karim speaks at the event. Photo: Nazmi Suhaimi

KUCHING: The various business events held in Sarawak have benefitted the local economy, said Tourism, Arts and Culture Minister Datuk Seri Abdul Karim Rahman Hamzah.

He said despite the challenges of Covid-19, the state remained resilient in its efforts to be a business event destination, forging important collaborations, not just within the local industry but with the national and international business events industry.

Abdul Karim said Sarawak secured 105 business events this year which manifested the state’s recovery from the pandemic.  

“These secured events are worth 141,003 delegate days amounting to approximately RM332.1 million in total economic impact, close to RM20 million in tax revenue and 26,354 in new job opportunities,” he said.

He gave these details at a ‘Meet in Malaysia @ Sarawak’ programme and the

launch of Hybrid City Alliance at a leading hotel here on Friday (Oct 22).

Abdul Karim said Sarawak is one of Asia Pacific’s most active hosts in business events since the establishment of Sarawak Convention Bureau – now known as Business Events Sarawak – in 2006.

“Recently Sarawak reopens for domestic business events and tourism. And as we wait for the international borders to reopen, this is an opportunity to leverage our newfound strength and resilience.

“I encourage more collaborations between the state and federal associations, private and government sectors. These collaborations can be strengthened further by partnering with the business events industry,” he said.

The minister added that his ministry through its agency, will support event planners to organise business events in Sarawak through their incentivised packages.

“These packages are for new and existing planners, and support hybrid events of all sizes, with additional funding of up to 50 percent of the total approved amount, venue subsidies, value boosters and more.

“The business of meetings, incentives, conventions and exhibitions is not a social activity – it is an economic sector that contributes to the economic transformation of Malaysia and the world,” he said.