Halal economy estimated to worth $3.2tr by 2024

Halal economy estimated to worth $3.2tr by 2024

Halal economy estimated to worth $3.2tr by 2024

3 hours ago

Amna Lootah, Assistant Director General, DAFZA. WAM

The Halal economy is estimated to be worth $3.2 trillion by 2024, according to the newly launched second edition of the Halal Guidebook titled 'Dubai - A Global Gateway for Halal Industry: A Step-by-Step Guide.'

The Guidebook unveils key trends that will have a lasting impact on the regional economy and assists in providing a clear picture of the international and national Islamic economy.

According to the State of the Global Islamic Economy Report 2019/20, the Islamic economy was valued at $2.2 trillion in 2018, which accounts for 12 per cent of the global spend in the food, pharmaceutical and lifestyle sectors. The spending power has also witnessed a significant increase and is set to grow by