Will Malaysia’s franchise sector reach RM25 billion GDP contribution this year?

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Malaysia's Franchise Sector Poised for RM25 Billion GDP Contribution This Year

The Malaysian franchise sector is on track to achieve its target of contributing RM25 billion to the country's Gross Domestic Product (GDP) this year. This projection follows a significant contribution of RM23.6 billion in the previous year, which represented 2.7 per cent of Malaysia's total GDP.
National Franchise Development Blueprint Sets Strategic Direction

A key initiative supporting this growth is the National Franchise Development Blueprint, launched last year. This blueprint aims to regulate the industry and strategically position Malaysia as a leading regional franchise hub in Southeast Asia by 2020. The blueprint encourages the expansion of domestic franchise brands into international markets.
Growing International Presence of Local Franchisors

Malaysian franchisors are increasingly expanding their reach globally. Currently, there are 49 local franchisors operating in 51 countries, with a total of 1,494 outlets. Beyond the popular food and beverage sector, interest has also been shown in areas such as educational services, including English language learning applications.
Robust Domestic Franchise Landscape

The domestic franchise landscape in Malaysia is substantial and diverse. The country hosts 676 franchisors across a wide array of industries and services. This strong foundation is crucial as Malaysia aims to transition into a high-income nation by 2020, with the franchise sector playing a significant role in this economic advancement.
International Collaboration at the World Franchise Council Meeting

The significance of the global franchise community is underscored by the participation of 45 delegates from 26 national franchise associations worldwide at the annual World Franchise Council (WFC) meeting. This gathering facilitates collaboration and the exchange of best practices among international franchise leaders.

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Will Malaysia’s franchise sector reach RM25 billion GDP contribution this year?

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