Countries exporting halal staring at $3 bln shortfall due to postponed Tokyo Olympics – HDC CEO
KUALA LUMPUR - Countries exporting halal could suffer a shortfall of around $3 billion due to the postponement of the Tokyo Olympics due to the COVID-19, with Malaysia taking a $200 million hit, a top official has calculated.
According to Hairol Ariffein Sahari, chief executive of the Halal Industry Development Corporation (HDC), which promotes Malaysia’s halal industry, the decision by the International Olympic Committee announced Mar 24 to postpone the event until next year will have a “huge impact” on efforts to build a halal economy around the Games.
“A lot of work has been done to promote halal products, and Malaysian halal products in particular, for Tokyo 2020,” the CEO told Salaam Gateway.
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