UNLOCKING THE BIGGER POTENTIAL OF THE HALAL INDUSTRY

In recent years, the Halal economy has expanded beyond the food and beverage market and has branched out to include other industries such as healthcare, cosmetics, pharmaceuticals, tourism, fashion, and logistics.

According to the Halal Industry Masterplan 2030, Malaysia has been a pioneer of the Halal industry for over 40 years with recent increase in domestic demand, although an estimated 80 percent of gap exists between demand and production of Halal products globally.

Within Asia Pacific, the Halal market is expected to grow by 75 percent, from US$1.6 trillion in 2018 to US$2.8 trillion in 2030, while Malaysia is expected to witness a 65 percent hike from US$68.4 billion to US$13.2 billion.

Haskell will be partnering with HDC on initiatives to further boost the country’s Halal industry to greater heights.

“We aim to transform the Halal ecosystem in Malaysia by providing a seamless integration of design and construction with conformance to Halal compliance set by the local authority,” Haskell’s APAC Operations Director, Matthew Schultz says.

The company’s experience in Engineering, Procurement, Construction and Project Management for the relevant sectors within the Halal industry, combined with HDC’s proficiency in Halal requirements and platforms is available to boost the Halal market.

HDC’s services include, Halal Integrated Platform, Halal Consultancy & Advisory, Halal Training Institute and Halal Parks.