Halal Products Development Company (HPDC), a Public Investment Fund (PIF) entity, successfully concluded its participation in Halal Expo London 2023, a prominent global halal event held at Tottenham Stadium from December 1 to 3. During the exhibition, HPDC inked a strategic partnership with Malaysia's Halal Development Corporation Berhad (HDC), aiming to boost the growth of the halal industry in Saudi Arabia and worldwide.
Under the terms of the agreement, HPDC and HDC will share information on industry-leading practices and successful halal ecosystem models. The collaboration goes beyond business alignment, seeking to provide specialized advisory services, investment strategies, innovation collaboration, technology transfer, and industry thought leader sharing. The partnership aims to create a dynamic halal ecosystem in Saudi Arabia, enhancing the local economy, attracting international investors, and fostering global halal trade.
Fahad S. AlNuhait, CEO of HPDC, expressed excitement about the landmark agreement, emphasizing the organization's commitment to connecting vendors, distributors, and businesses in the global halal industry. The collaboration with HDC aligns with HPDC's goal of localizing the halal production industry in Saudi Arabia, contributing to global sector capabilities, and promoting the holistic benefits of the halal lifestyle.
Hairol Ariffein Sahari, CEO of HDC, highlighted the shared vision to propel the halal industry to new heights globally. HDC, with its extensive experience in building comprehensive halal ecosystems, aims to provide effective operational models and sustainable halal ecosystems that benefit Saudi Arabia and have a positive impact on a global scale.
The collaboration will continue as both organizations work with key stakeholders in the global halal industry, shaping the halal ecosystem to ensure transparency and efficiency. HPDC remains committed to positioning Saudi Arabia as the global halal hub, aligning with the objectives of Saudi Vision 2030 and fostering economic diversification.