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Introduction

Malaysia’s Gross Domestic Product (GDP) is a measure of the country’s economic performance. The GDP is the value of all goods and services produced within a country in a given period of time, usually a year. In 2020, Malaysia’s GDP was $349.07 billion, a decrease of 7.2% compared to the previous year due to the impact of the COVID-19 pandemic. The country’s economy is heavily dependent on exports, particularly of manufactured goods and commodities such as oil and gas. The government has implemented various measures to support economic recovery and growth, including stimulus packages and initiatives to attract foreign investment.

Advantages in Malaysia

Malaysia has a favorable climate and fertile land suitable for a wide range of crops, including rubber, palm oil, cocoa, and pepper.

Secondly, the government provides various incentives and support for agricultural development, such as subsidies, tax exemptions, and infrastructure development.

Thirdly, Malaysia has a well-developed transportation and logistics infrastructure, allowing for efficient movement of agricultural goods both within the country and internationally.

Fourthly, Malaysia is strategically located in Southeast Asia, providing access to a large market of over 600 million consumers in the region. Finally, the country has a skilled and productive workforce and an established agricultural industry, making it an attractive destination for foreign investment in the sector.