PIHH Signs Six Pacts To Develop Halal Industry

| 04/05/2009 | Reply

KUALA LUMPUR, May 4
(Bernama) — Penang International Halal Hub (PIHH) has entered into six
memoranda of understanding (MoUs) to develop halal clusters, namely
manufacturing, logistics, agro-based industry, finance and hospitality.

Under the MoUs with Asian Finance Bank (Qatar) and Unicorn
International Islamic Bank (Bahrain), the state agency will serve as a
virtual centre to link halal companies and investors to both banks as
the reference institutions for advisory and consultancy on
Syariah-compliant financing.

“The Al-Jawhara Group of hotels from Dubai has agreed to establish
a link through PIHH to the Penang hotel industries in order to develop
a Syariah-compliant hotel industry,” PIHH chairman Abdul Malik Kassim
said at a media briefing on the first day of 4th World Halal Forum here
today.

Abdul Malik said Halagel (M) Sdn Bhd also signed an MoU with the
corporation to purchase a parcel of land at the Penang Halal Park to
build a halal gelatine plant for Southeast Asia.

The state government has allocated RM150 million to establish the Penang Halal Park in Bukit Minyak, he said.

The Penang Port signed an MoU on smart partnership to develop
“halal port” services as part of an initiative to develop the halal
logistics cluster, he added.

Earlier, Penang Chief Minister Lim Guan Eng said the state is set
to become investors’ destination of choice for the halal industry.

He said that investors will benefit from the comprehensive support
linking Penang to the supply chain, from getting raw materials to final
manufacturing and distribution to consumers worldwide.

— BERNAMA

Category: Asia, Media & Events

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