Malaysia plans to be a destination for yachting and activities related to marine leisure, said Transport Minister Datuk Seri Chan Kong Choy.
Chan attended the Monaco Yacht Show over the weekend to promote the Langkawi International Yacht Registry, which provided incentives and tax exemption to yacht owners and companies that had registered their yachts in the island.
The three-day show is the only international yacht event devoted exclusively to luxury yachting and the biggest in-water display in Europe of super and mega yachts.
By having the yacht owners and companies register in Malaysia, Chan said it would attract other related activities that would have a direct impact of the economy.