Halal sector growth higher than GDP growth of 200 countries

Halal Expo Dubai to focus on US$2.3 trillion industry

DUBAI 26 June 2017: The global halal products and services sector is growing at 8 per cent year-on-year to US$2.3 trillion (Dh8.44 trillion) – higher than the GDP of more than 200 countries in the world, according to a research..

Of this, about 67 per cent represents the food and beverage industry, worth $1.4 trillion (Dh5.13 trillion), according to  Orange Fairs and Events, organisers of the Halal Expo – Dubai, 2017

The 9th edition of the Halal Expo Dubai 2017, will be held at the Roda Al Bustan hotel from September 18 – 19.

Halal Expo Dubai is a Business-to-Business (B2B) exposition which attracted participation from 13 countries in its previous edition and registered 3,700 trade visitors from 40 countries.

Halal Expo Dubai focuses on a number of business verticals, including, halal food, halal beverage, halal fashion, halal cosmetics and personal care products, halal travel and tourism, halal hospitality, halal banking and finance.

This State of the Global Islamic Economy Report, 2016-17, estimates global Muslim spend across sectors at over $1.9 trillion in 2015, while the Islamic Finance sector has around $2 trillion in assets.

Food and beverage tops spend by the global Muslim population, at $1.17 trillion in 2015, followed by clothing and apparel at $243 billion, media and recreation at $189 billion, travel at $151 billion, and spending on pharmaceuticals and cosmetics at $133 billion.

The report estimated the revenues from Halal Certified food and beverage products to be $415 billion; while revenues from halal fashion clothing purchased by Muslim women to be $44 billion and revenues derived from halal tourism services to be $24 billion, in 2015.

“Halal Products and Services now touches all aspects of our lives and we are witnessing a gradual shift towards halal products and services – be it fashion clothing, fragrance, cosmetics, personal care products or travel, tourism and hospitality – we now have all aspects covered. The Halal Expo – Dubai 2017, therefore comes at an important juncture, when the UAE is also fast-tracking the halal movement by creating a centre for the global halal and Islamic economy,” Mr. Raees Ahmed, Director of Orange Fairs and Events, organisers of the Halal Expo Dubai, says.

“Interestingly, non-Muslims are also fast accepting halal products and services due to the scientific, hygienic benefits and ethical aspects. The term halal is gradually becoming an universal concept, more than an Islamic way of life.

“In this regard, Halal Expo is expected to play a crucial role in promoting halal, healthy, clean and green lifestyle movement across the Gulf region. We expect more than 100 business entities from 13 countries to participate at the two-day exhibition that will showcase the latest trends in halal products and services worldwide.”

Halal Expo – Dubai 2017 will be open to business visitors for sourcing products and services from 10:00 to 18:00 hours, September 18 and 19, 2017 at the Roda Al Bustan Hotel – near Dubai International Airport, Al Garhoud Area. More than 100 companies from 15 countries – Kazakhstan, Malaysia, Indonesia, Poland, Pakistan, Switzerland, India, ‎UK, Brunei,‎ Philippines, South Africa, China and many more are expected to join the show.

By Rajive Singh

Dubai Gazette