Halal Products Development Company (HPDC), a wholly owned subsidiary of Saudi Arabia’s Public Investment Fund, has signed partnership agreements to drive growth across local and global halal ecosystems.
The deal signed with Sinad Holdings and its subsidiaries will leverage HPDC expertise to expand market reach, fostering insights to regulations, and cross-industry experience to advance both local and regional halal ecosystems, the PIF unit said in a statement.
Meanwhile, the Islamic Chamber of Commerce and Development partnership agreement aims to strengthen the global halal industry ecosystem, facilitate export of Saudi companies' halal products, exchange knowledge and information, and promote innovations.
The deals were signed on the sidelines of the Makkah Halal Forum 2023, of which HPDC was a main sponsor.
Fahad S. AlNuhait, CEO of Halal Products Development Company, said that the agreements signed will establish the foundations for long-term collaboration between cross-industry partners in the industry.
“We look forward to entering into these landmark agreements, which will allow us to share our knowledge and significantly contribute to the ongoing success of the industry, raising awareness on the quality, variety, and accessibility of halal products both in Saudi Arabia and beyond.”