The Malaysian government will continue to strive and push the tourism sector to a greater height. This is in line with the government's aspiration via Malaysia Tourism Transformation Plan which is to attract 36 million tourists to Malaysia and generate RM168 billion for the country by the year 2020.
MIDA will continue to focus on high-yield tourism, driving economic and employment growth for the nation. The development of hotel and tourism projects is encouraged in line with the promotion of Malaysia as an attractive tourist destination and as a regional centre for trade and commerce. The following activities in the tourism sector are currently being promoted and are eligible to be considered for incentives under the Promotion of Investments Act (PIA), 1986:-
Establishment of budget hotels ( 1 - 3 star ) Establishment of 4 - 5 star hotels (will expire on 31 December 2020) Expansion/modernization/renovation of existing hotels ( 1 - 5 star ) Establishment of tourist projects Expansion/modernization of tourist projects Establishment of recreational camps Establishment of convention centres (with a hall of at least 3,000 seating capacity).