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Sarawak business events exceed target worth RM359 million

As for the number of business events hosted last year, 93 homegrown, national and international business events were successfully hosted worth a total economic impact of RM216.3 million.

KUCHING, SARAWAK – Sarawak’s business events industry wrapped up 2022 on a high note after securing 100 business events for 2023 and beyond – exceeding the initial target of 90 at an achievement rate of 111%.

The 100 business events are worth an estimated RM359 million in total economic impact whereby direct delegate expenditure will account for approximately RM195 million and RM21.5 million in tax revenues. These events are expected to open approximately 28,496 new employment opportunities for the local communities in the destination.

As for the number of business events hosted last year, 93 homegrown, national and international business events were successfully hosted worth a total economic impact of RM216.3 million. Direct delegate expenditure accounted for RM117.6 million of income; RM13 million in tax revenue and opened at least 17,169 jobs.

“These events are expected to open approximately 28,496 new employment opportunities for the local communities in the destination,” it said in a statement issued. “Direct delegate expenditure accounted for RM117.6 million of income, tax revenue amounted to RM13 million, while the events opened at least 17,169 jobs,” it added.
 

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