RIYADH, Saudi Arabia,
May 6, 2024 /PRNewswire/ -- The Halal
Economy Leadership Forum 2024 (HELF 2024) held recently in
Riyadh, Saudi Arabia, set the
stage for a momentous gathering of industry leaders, policymakers,
and experts to advance discussions on the Halal Economy—a vital
cornerstone of global commerce. Hosted jointly by the Halal
Development Corporation (HDC), the Halal Products Development
Company (HPDC), and Islamic Development Bank (IsDB), the event
featured the significance of fostering collaboration and driving
innovation in the halal industry.
The forum was attended by His Excellency Datuk Wan Zaidi Wan
Abdullah, the Ambassador of Malaysia to the Kingdom of Saudi Arabia, representing
Malaysia's Minister of Investment,
Trade and Industry, The Hon. Senator Tengku Datuk Seri Utama Zafrul
Tengku Abdul Aziz. Also attended were President of IsDB, H.E.
Dr. Muhammad Al Jasser, Mr. Fahad S.
AlNuhait, Chief Executive Officer of HPDC and Chairman of HDC, Mr.
Khairul Azwan Harun. This line-up showed the shared commitment of
Malaysia and Saudi Arabia towards advancing the principles
and values of the Halal Economy.
The Halal Economy, rooted in Islamic ethics and jurisprudence,
spans across diverse industries such as food and beverage,
pharmaceuticals, cosmetics, finance, and tourism, offering vast
opportunities for economic growth and sustainable development.
Malaysia, a global leader in the
halal industry, has positioned itself as a hub for halal excellence
through strategic initiatives and partnerships, facilitating trade
and investment between the East and the West.
This strategic partnership aims to leverage the collective
expertise and resources of the organizations involved to drive
innovation, facilitate trade, and promote economic development
within the halal industry across 57 Member Countries and Non-member
Countries.
Quoting Tengku Datuk Seri Utama
Zafrul's speech read by H.E Datuk
Wan Zaidi, he emphasized the importance of collaboration in
advancing the halal economy, stating, "This tripartite
collaboration signifies a significant step forward in our efforts
to strengthen the halal ecosystem and promote inclusive economic
growth among IsDB Member Countries and beyond."
Part of the HELF 2024, a Business-to-Business (B2B) networking
session hosted by the HPDC was held for the Malaysian delegates.
Both the B2B and HELF 2024 managed to achieve its target to help
the industry players gain insights and acquire knowledge on Halal,
as well as sourcing or securing new strategic partnerships for
businesses. Among the countries that show interest in getting HDC's
expertise are Nigeria,
Pakistan, Mauritius, Morocco, Rwanda, and South
Africa.
The outcome of this collaboration is to offer IsDB Member
Countries and non-member countries the best solutions in the Halal
Ecosystem Development & Enablement. This includes utilizing
financial instruments available to address intra-trade deficits and
capitalize on potential markets. The forum also outlines joint
efforts to develop a high-quality halal products ecosystem and
analyze successful halal ecosystem models and market solutions.
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