The Global Gateway to Halal Industries

The Dubai Airport Freezone Authority (DAFZA) has released a detailed halal industries lead as part of its campaigns to contribute to Dubai's vision of coming to be the resources of the Islamic economic climate for 2017-2021. The first-of-its-kind guide entitled 'Dubai: The Global Gateway to Halal Industries' defines Halal products in different industries, highlighting numerous financial investment possibilities for international financiers to contribute to improving the Islamic economic climate.

The guide showcases the economic system of Dubai, which is supportive of development and success and is strongly devoted to come to be a global resources for the Islamic economic climate. The new guide, which is printed with the 'Dubai Font,' helps foreign financiers check out and review the numerous segments of the Halal market ranging from food and beverages, pharmaceuticals and cosmetics to tourism, style and design and selling. Evaluation kinds and checklists are offered in order to help capitalists navigate the Islamic market and form strategic pillars and courses of action.

In cooperation with the Dubai Islamic Economy Development Center (DIEDC) and Knowledge Partner DinarStandard, DAFZA's Halal particular guide aims to produce awareness and involve foreign capitalists with the opportunities drifting in the Halal space, which will have an influence on the FDI flows. The guide supplies a thorough description of each Halal relevant segment with a solid focus on the significance of Dubai as the premiere portal to all OIC nations markets with exceptional trip connection. It likewise information the UAE's Halal eco-system, showing treatments, purchases, criteria, and solutions from the government entities, such as Halal qualifications and certifications, business permit, examinations and various other facets.

Dr. Mohammed Al Zarooni, Director General of DAFZA, said: " Our outlook for the UAE's Halal market is very positive, as the UAE rated first among Arab nations and second in the World Islamic Index for 2016."

Inning accordance with the Global Islamic Economic climate Record 2015 - 2016, the Islamic economic situation is estimated to be worth USD 1.9 trillion and is anticipated to exceed USD 3 trillion by 2021 at an 8 percent yearly development. The food and beverage industry places first amongst Muslims, with a complete estimated worth of around USD 1.17 trillion which is expected to expand to near USD 1.9 trillion by 2021. The following most popular field among the Islamic community is garments which deserves an approximated USD 243 billion. Islamic home entertainment adheres to at an approximated USD 189 billion, then travel at regarding USD 151 billion, and halal medications and cosmetics at USD 78 billion. As industry leaders continuously promote their active ingredients utilized in Halal products, Halal markets are anticipated to be collectively worth around USD 213 billion by 2021.

Emirates Authority for Standardisation and Metrology (ESMA) recently reported that the Halal markets and associated products are estimated to be worth over USD 2.3 trillion, with the food and drink market audit for around 67 percent of the overall quantity of trade at approximately USD 1.4 trillion. With the development rate expected to reach 5.6 percent each year by 2020, the annual Halal spend is expected to reach USD 1.6 trillion. Other stats report that around 75 to 80 per cent of Halal foods is being imported from non-Islamic nations.

Source: Wam