Halal economy estimated to worth $3.2trn by 2024

SourceEmirates Business
SectorEconomy
CountryUnited Arab Emirates

Dubai / WAMThe 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 percent 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 6.2 percent compound annual growth rate (CAGR). Ranking first in the Guide ...read more...