Malaysia’s Halal Development Corporation signs $100 mn deal to boost trade with MENA
Standard Chartered Saadiq to offer financing to Malaysian businesses as part of HDC’s goal to open up new halal markets.
The agency charged with promoting Malaysia’s halal sector to the world has negotiated a $100 million loan deal to enable more Malaysian companies to penetrate markets in the Middle East and North Africa.
The agreement, between the Malaysia’s Halal Development Corporation (HDC) and Standard Chartered Saadiq, will encourage businesses of all sizes to access loans and support to broaden their trade links with the region. The financing programme will also assist large halal manufacturers and suppliers in the Middle East to invest in Malaysia’s halal parks and open up the local market.
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