Saudi Arabia, Malaysia sign cooperation agreement

Saudi Arabia, Malaysia sign cooperation agreement

LONDON — The Halal Products Development Company (HPDC), one of the Public Investment Fund (PIF) companies, signed a cooperation agreement with the Halal Development Corporation (HDC) in Malaysia, in order to support the growth of halal industry locally and internationally. The agreement was signed during the activities of the Halal Expo London 2023, which is considered as one of the international halal exhibitions organized in the United Kingdom. The two parties will work, within this agreement, to exchange information and experiences related to successful practices and the best business models adopted in the halal sector. They will also enhance trade relations between the stakeholders in different halal sectors, in addition to expanding cooperation horizons by facilitating communication with investors, and various providers of halal products and services. From his side, the Saudi CEO of the HPDC Fahad Al-Naheet stated, “Through our partnerships and strategic agreements, we seek in Halal Products Development to connect sellers, distributors, and companies working in the halal industry at the local and global levels.” “We look forward to this agreement, which will allow us to benefit from shared resources and enhance our role in advancing the industry and expanding its presence,” he added. Al-Naheet stated that