DAFZA issues the second edition of the sector guide
$ 3.2 trillion worth of halal economy globally by 2024
The guide reviewed the impact of measures related to the "Covid-19" pandemic on the "halal" sector.
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Amna Lootah: "The guide works to identify potential opportunities within the halal economy sectors."
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The Dubai Airport Free Zone Authority launched "DAFZA", the second edition of the comprehensive halal industries guide, "Dubai - Global Gateway to Halal Industries: Your Step-by-Step Guide", which reviews the most prominent trends that will have an impact on the region's economy to draw a clearer picture of the national and global Islamic economy. As the global halal economy is expected to reach about $ 3.2 trillion by 2024.
The first version of the guide, issued last year, proved its importance in helping the concerned parties achieve their long-term goals for the halal economy, while the guide defines - in its second version, which was issued in cooperation with the Dubai Center for the Development of Islamic Economy, and the Halal Trade and Marketing Center. And Dinar Standard - opportunities for the growth of the Islamic economy, as well as the empowerment system, halal trade flows, and halal certifications and accreditations.
In a statement yesterday, DAFZA stated that the guide reviewed the impact of measures related to the "Covid-19" pandemic in the halal sector, as the areas most affected were travel, Islamic finance and fashion, indicating that the food supply chain was also greatly affected by these measures, except The economies of the halal market have dealt with it with great flexibility by focusing on bringing the supply chain closer to it, whether by investing in local production or dealing with closer suppliers at the regional level.
The Assistant Director General of the Dubai Airport Free Zone Authority, Amna Lootah, said, "The UAE has intensified its efforts over the past years to strengthen and develop the economy in general, through a series of initiatives and plans, which led to the vitality and diversity of the halal economy."
She added that «the guide works to identify the opportunities inherent in the halal economy sectors, and other trends. It also provides strategic information that enhances the knowledge of companies and entrepreneurs who are looking to invest in the Islamic economy and take advantage of the opportunities for growth and prosperity».
Lootah indicated that “Dubai is the trade center for 57 member states of the Organization of Islamic Cooperation, which represents $ 296 billion in imports of halal industries, according to 2018 figures.”
Various services
"DAFZA" provides companies looking to invest in the halal sector, a variety of services and capabilities that ensure easy and simple business establishment. It also provides access to a large variety of companies and services through its global network, as well as supporting companies' operations in the halal sector through The developed infrastructure that it possesses to help it grow its business.
• Dubai is the trade center for 57 member states of the Organization of Islamic Cooperation.
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