Date: 6th July 2021
Time: 10:00 am – 11:30 am UAE Time
We are witnessing a paradigm shift. The pandemic has transformed our lives. Also, the companies’ usual forms of doing business. The current situation is forcing them to seek new markets, diversify their exports and increase the use of e-commerce solutions. Also, to develop new strategies to continue boosting its internationalization processes. The international trade rebound will be critical for the world economic recovery.
In this scenario, the Halal market stands as a great opportunity for companies looking for new business opportunities across the world. In 2019, Muslims spent 1.2 trillion dollars on food and beverages. Of these, 1 billion dollars was destined to consume Halal food. But not everything is food. Other sectors, such as Halal cosmetics or pharma, are also registering strong growth rates, and have reached valuations close to 66 and 94 billion dollars, respectively. The total expenditure on Halal products and services is expected to grow to 2.5 trillion dollars by 2024 according to the latest estimations.
The takeoff from this fast-growing business niche has not gone unnoticed for companies across the world, especially in some regions such as MENA, ASEAN or Oceania, key ones in terms of Halal production and consumption. The Halal trade flows between these regions are growing so fast but they are still far from their potential since there are many untapped business opportunities and companies without presence or exposure to this market.
To enhance the Halal trade between the three regions UAE can play a vital role as a global Halal trading hub, and it could work as a platform for supporting companies in these regions to grow in the Halal space. Dubai is at the center of trade for the 57 OIC countries, representing 296 billion dollars Halal-related industrial sector imports in 2018.
- 10:00 am – 10:15 am Welcome and Opening Remarks
- Mr. Yasir Hafiz Munawar Ali, Director, Penang Halal International (Master of Ceremony)
- H.E. Dato’ Abdul Halim Hussain, Penang State Minister, Trade, Industry & Entrepreneur Development
- Mr. Firdaus Dahlan, Director, Centre for IMT-GT Subregional cooperation
- 10:15 am – 10:25 am Halal Market Trends and Opportunities
- Mr. Rafi-uddin Shikoh, CEO, DinarStandard
- Ms. Norhariti Jalil, Partner, DinarStandard
- 10:25 am – 10:35 am Halal Market Regulation and Drivers
- 10:35 am – 11:15 am Panel Discussion: Enhancing Halal Trade between MENA, ASEAN and Oceania
- Mr. Tomás Guerrero, Manager, Halal Trade and Marketing Centre (Moderator)
- Mr. Wan Jeffery Majid, COO, Duopharma Biotech – Malaysia
- Mr. Farid Khan, President, Singapore Malay Chamber of Commerce & Industry – Singapore
- 11:15 am – 11:30 am Q&A
- 11:30 am Closing Remarks
- Mr. Tomás Guerrero, Manager, Halal Trade and Marketing Centre