Key Points
- HPDC’s mission is to attract investment
- The report is in line with the objectives of Saudi Vision 2030
RIYADH: Saudi Halal Products Development Company (HPDC) in its latest report has highlighted the growth of the halal industry and reinforced Saudi Arabia’s strategic position as a global leader in this rapidly expanding sector.
The HPDC, a wholly owned subsidiary of the Public Investment Fund (PIF), has released its report titled “Halal Market Opportunities in the Kingdom of Saudi Arabia 2024/2025,” the Saudi Press Agency (SPA) reported on Sunday.
The comprehensive report is intended to support the development of the halal industry and strengthen Saudi Arabia’s strategic role as a global leader in this fast-growing sector.
Halal Products Development Company’s (HPDC) broader mission is to attract investment and promote international collaboration, and the report provides in-depth market insights and a detailed analysis of high-potential opportunities within the Kingdom’s halal ecosystem.
It is designed to serve as a valuable resource for stakeholders, policymakers, and investors across both public and private sectors.
The report encompasses critical themes, including an overview of global halal product markets, a detailed analysis of the Saudi Arabian halal landscape, growth opportunities in key sectors such as food, pharmaceuticals, cosmetics, and Muslim-friendly travel, as well as future market trends and strategic recommendations for stakeholders.
CEO of Halal Products Development Company, Fahad AlNuhait commented: “This report represents a significant milestone in advancing our understanding of the halal market on both a local and global scale. Our aim is to empower stakeholders and investors with reliable, data-driven insights that support sustainable economic growth and solidify Saudi Arabia’s role as a key player in the global halal economy.”
The release of the report highlights HPDC’s ongoing efforts to align national development with global best practices. It also demonstrates the company’s dedication to establishing a sustainable and competitive halal ecosystem, in line with the objectives of Saudi Vision 2030.
