‎Saudi Export Development Authority, Halal Products Development Company Sign Strategic Cooperation Agreement

‎Saudi Export Development Authority, Halal Products Development Company Sign Strategic Cooperation Agreement

The Saudi Export Development Authority (SEDA) and Halal Products Development Co. (HPDC), a wholly owned subsidiary of the Public Investment Fund (PIF), signed a strategic cooperation agreement to launch a program to facilitate the entry of Saudi companies into the global halal market.

The agreement was signed by Eng. Abdulrahman Althukair, CEO of SEDA, and Mr. Fahad Al-Nuhait, CEO of HPDC.

This agreement aims to strengthen joint action and coordination between the two parties in the halal products sector at the strategic and operational levels, by supporting Saudi companies, goods, and services, as well as encouraging consumers to buy Saudi-made commodities. It also aims to harness all capabilities to develop and boost Saudi exports to global halal products markets.

Commenting on the deal, Althukair stressed that the strategic cooperation with HPDC is part of the Saudi Export Development Authority’s keenness to bolster effective strategic partnerships with the public and private sectors, in order to serve its goals of enhancing the position of national commodities and services, and facilitating their access to global markets. This will contribute to delivering Vision 2030 in increasing the Kingdom’s exports and raising the contribution of Saudi non-oil exports to 50% of the non-oil GDP.

Al-Nuhait said the agreement seeks