Halal Products Development Company (HPDC) has signed a strategic partnership with Halal Development Corporation Berhad (HDC) to amplify the growth of the Halal industry within Saudi Arabia and globally.
According to the agreement, the two companies will exchange information on industry-leading practices and successful models of Halal ecosystems. In addition to fostering commercial relationships between stakeholders in a variety of Halal sectors, the agreement will broaden the scope of collaboration by facilitating engagement with Halal exporters and investors.
Mr. Fahad S AlNuhait, CEO of Halal Products Development Company, affirmed the importance of the alliance, commenting that, “Through our partnerships and strategic agreements, we at HPDC strive to connect vendors, distributors, and businesses operating in the Halal industry across the world.”
“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, we aim to establish a dynamic ecosystem in Saudi Arabia that enhances the local economy, invites international investors, and increases Halal trade worldwide,” Mr. AlNuhait added.
Both organizations will continue to collaborate with key stakeholders within the global halal industry, and jointly work towards shaping the halal ecosystem, ensuring transparency and efficiency all the way.
Through capital investment and advisory services, HPDC strives to localize the Halal production industry in Saudi Arabia, strengthen the sector’s capabilities globally, and promote the holistic benefits of the Halal lifestyle. HPDC aims to position Saudi Arabia as the global Halal hub and facilitate economic diversification in line with the objectives of Saudi Vision 2030.
Mr. Hairol Ariffein Sahari, CEO of Halal Development Corporation Berhad, stated that, “This collaboration transcends mere business alignment; it embodies a shared vision to propel the Halal industry to new heights globally. 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.”