KUALA LUMPUR, Dec 4 — Halal Development Corporation Bhd (HDC) and Saudi Arabia's Halal Products Development Company (HPDC) recently signed a partnership agreement to amplify the growth of the halal industry within Saudi Arabia and globally.
A joint statement said the agreement was signed during the global Halal Expo London 2023, held from Dec 1-3, 2023.
"Through our partnerships and strategic agreements, HPDC (will) strive to connect vendors, distributors, and businesses operating in the halal industry across the world.
"With this agreement, our aim is to establish a dynamic ecosystem in Saudi Arabia that enhances the local economy, invites international investors, and increases halal trade worldwide," said HPDC chief executive officer Fahad AlNuhait.
Meanwhile, HDC chief executive officer Hairol Ariffein Sahari said HDC will provide specialised advisory, investment strategies, innovation collaboration and technology transfer with its vast experience in building a comprehensive halal ecosystem.
"We believe HDC can provide a proven effective operational model, along with a sustainable halal ecosystem. This not only brings substantial benefits to Saudi Arabia but also extends its positive impact on a global scale," he said.
The two companies will also exchange information on industry-leading practices and successful models of halal ecosystems, the statement added.
In addition to fostering commercial relationships between stakeholders in a variety of sectors, the agreement will also broaden the scope of collaboration by facilitating engagement with halal exporters and investors, the statement said.
— Bernama=
