Halal Products Development Company to sponsor IsDB Group’s Private Sector Forum

Halal Products Development Company to sponsor IsDB Group’s Private Sector Forum

JEDDAH: Halal Products Development Company (HPDC), a company launched by Saudi Arabia’s Public Investment Fund (PIF), will participate as a main sponsor in this year’s edition of the Islamic Development Bank Group (IsDB Group) Private Sector Forum held in Jeddah.

Established to promote Saudi Arabia as a global hub for halal products, HPDC seeks to enable small and medium-sized enterprises to grow and expand across global halal markets. In addition, the company seeks to foster international partnerships whilst localizing innovation, technology and knowledge to benefit the halal production framework within the Kingdom.

Through its provision of investment, equity capital and halal advisory services through its Halal Products Advisory (HPA) division, the company aims to support the development of halal products to facilitate economic long-term growth and diversification.

Fahad Al-Nuhait, Chief Executive Officer of HPDC, affirmed the company’s sponsorship, stating, “We are very excited to participate in the 2023 IsDB Group Private Sector Forum alongside some of the most proactive people and organizations working parallel to the halal industry. Since our launch, we’ve had the incredible opportunity to engage with leading organizations to identify ways to create jobs, foster collaboration and grow the Kingdom’s local halal production framework.”

“Our sponsorship of the 2023 IsDB Group