THE global halal market is projected to reach USD7.7 trillion to USD30.6 trillion. The countries on forefront capturing the halal economy pie are China, Japan, Vietnam, Philippines, Singapore, Thailand, Brunei and Indonesia.
Japan is strengthening its halal certification ahead of its 2020 Tokyo Olympic and Paralympic Games.
For Malaysia halal economy contributes 7.5% to its GDP with RM43.4 billion worth of export in 2017. There are 1,257 companies involved in businesses related to halal and an investment of RM13.2 billion. The industry offers 248,507 employment.
Given this potential and the readily available support system, Selangor is poised to take the lead to be a global halal player.
Invest Selangor is drawing up an action plan to strategise and maximise the utilisation of the available resources. On the basis that this takes collective efforts, a townhall meeting was organised at the Shah Alam Convention Centre recently to get feedback and input from all stakeholders.
The 10-year action plan that will span from 2018-2028 is the first of its kind at the state level.
“The demand for halal