Saudi PIF establishes additional company to help nation become int’l halal hub
Date
10/25/2022 2:32:38 AM
(MENAFN) Saudi Arabia’s Public investment Fund has confirmed the establishing of Halal Products Development Co. targeted at concentrating on the halal output industry in the nation.
The establishing of the fresh company is estimated to support the Promotion of Saudi Arabia as a worldwide halal center, as said by a press release.
It went further on noting that HPDC is going to support allow domestic companies; small and medium-sized enterprises, mainly, to improve and develop throughout halal markets all across the world.
It is going to support launching the halal production sector in Saudi Arabia via corporations with vital domestic as well as global companies, on top of creating employment prospects.
“HPDC aims to localize knowledge, technology, and innovation for the development of halal products including foods, cosmetics, and pharmaceuticals. The company also aims to promote investment and economic opportunities for the industry by introducing various services, including specialized advisory,” as stated by PIF in the press release.
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