At the base of the Arabian Peninsula, occupying a landmass slightly larger than Italy, Oman is the largest country in the GCC after Saudi Arabia. In recent years, the non-OPEC oil exporter’s economy has been undergoing a steady transformation, reorienting from oil toward a more diverse set of service and industry-based economic activities. So far, progress has been promising. In 2011 oil and gas accounted for 38.8% GDP.
Away from the hustle and the bustle of Kuala Lumpur lies Fraser’s Hill, one of the most prominent locations of the Peninsula’s highlands. The area’s unique characteristics are a departure from the more commercialised Genting Highlands and a closer option than the considerably farther Cameron Highlands. It is the retreat of choice for those who...
Over the past decade Malaysia’s tourism sector has become an increasingly important contributor to the economy. In 2011 the country welcomed 24.7m visitors and pulled in RM58.3bn ($18.8bn) in tourism receipts over the course of the year, up from just 12.7m visitors and RM24.2bn ($7.8bn) in receipts in 2002, according to data from the Malaysia...
While it has traditionally focused on attracting visitors from international markets such as Australia, Europe and North America, over the past decade Malaysia’s tourism industry has benefitted from rapidly expanding domestic receipts as well. The increase in travel among a substantial percentage of the country’s population can be attributed to a...
Under the Economic Transformation Programme (ETP), the government’s long-term development strategy, the tourism industry is set to bring in RM168bn ($54.2bn) in revenues by 2020, three times as much as in 2010. While a substantial percentage of this new income is expected to come from a steadily increasing number of new visitors over the next eight...
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