Business Events Exceed Target Worth RM359 Million
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.
About BESarawak
Business Events Sarawak is a non-profit organisation that is fully backed and funded by the Sarawak State Government to connect meeting planners with the right connections and resources to plan and organise meetings, incentives, conventions and exhibitions. The goal of the organisation is to establish Sarawak as a leading second-tier Business Events destination in the ASEAN region by championing Legacy Impact.
Find out more at https://businesseventssarawak.com/.
