Malaysia On Track To Export RM50 Bln Halal Products By 2020
PETALING JAYA, Aug 17 (Bernama) — Malaysia is on track to export RM50 billion halal products by 2020 from RM42.18 billion last year, aided with more entrepreneurs increasing their presence in the global market, said Halal Industry Development Corporation (HDC) Chief Executive Officer, Datuk Seri Jamil Bidin.
He said despite the global economic downturn, demand for halal products, especially food and beverages, remained high with China continuing to be the biggest importer, followed by Singapore and Indonesia.
“Next, we are going to work with Saudi Arabia to make it as an entry point as we are about to expand our presence in the African continent,” he told reporters at the Halfest ASEAN 2017 meet-and-greet session here today.
Jamil said the African continent had a population of some 1.22 billion, out of which about 200 million are Muslims.
However, this market is untapped, mainly due to various problems including in terms of logistics…..