LONDON: Saudi Arabia’s Halal Products Development Company (HPDC) concluded on Monday its participation in the Halal Expo London 2023, one of the most prominent global halal events.
HPDC, a wholly owned Public Investment Fund (PIF) entity, signed a strategic partnership with Malaysia’s Halal Development Corporation Berhad (HDC), to stimulate the growth of the halal industry in Saudi Arabia and globally.
According to the terms of the agreement, the two companies will exchange information on industry-leading practices and successful models of halal ecosystems.
“Through our partnerships and strategic agreements, we at HPDC strive to connect vendors, distributors, and businesses operating in the halal industry across the world,” HPDC CEO Fahad S. AlNuhait said.
“We are excited to enter into this landmark agreement which allows us to leverage shared resources to make a significant contribution to the expansion of the industry.
“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,” he added.
The two organizations will continue to collaborate with key stakeholders in the global halal industry, and jointly work toward shaping the halal ecosystem, ensuring transparency and efficiency all the way.
“This collaboration transcends mere business alignment; it embodies a shared vision to propel the halal industry to new heights globally,” HDC CEO Hairol Ariffein Sahari said.
“With HDC’s vast experience in building a comprehensive halal ecosystem, we will provide specialized advisory, investment strategies, innovation collaboration, technology transfer and Industry Thought Leader sharing.
“We believe HDC can provide a proven effective operational model, along with a sustainable halal ecosystem that not only brings substantial benefits to Saudi Arabia but also extends its positive impact to a global scale and beyond,” he added.