Make MENAFN My Home Page
 
  Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Malaysian Halal Industry Aims to Increase Export to GCC to $3 Billion  Join our daily free Newsletter

MENAFN - Qatar News Agency - 04/09/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN - QNA) The Malaysian Halal Industry Development Corp (HDC) aims to increase halal export products to the Gulf Cooperation Council (GCC) from below RM2 billion now to RM10 billion (3 Billion) soon, chief executive officer, Jamil Bidin said Thursday.

He said the corporation was confident of achieving its target through the penetration into Saudi Arabia, which played an important role among the GCC countries.

"As we know, all Muslims will go to Mecca (Saudi Arabia) to perform their haj and umrah. Therefore, the need to supply ready-made food is vital to cater to the huge demand.

"So, by increasing our capacity to supply more food and beverages to the holy place, our local brands will be able to create a good branding among the pilgrims, the local companies in Saudi Arbia, which has a population of 29 million, and among the GCC members," he told Malaysian news agency " Bernama".


Thus, HDC has signed a collaboration with a Saudi Arabian company, Samyco Holdings Bhd, to allow over 100 local halal companies to bring their products to the country.

Founded in 2010, Samyco was set up as an agent and a distributor of food and beverages in #SaudiArabia and throughout the Arabian Gulf.

"Besides food and beverages, there are also demand for pharmaceuticals and cosmetics from the country. "Out of the 100 companies, 70 per cent are Bumiputera-owned," he said.

Last year, HDC said #Malaysia exported halal products worth RM33 billion. The major destinations were #China (RM6 billion), #Singapore (RM3 billion) and the US (RM1 billion).


 
 


Qatar News Agency




Loading, Please wait....


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help