Category: Development Projects
Republic of Tatarstan capitalizes on its Muslim heritage
The Republic of Tatarstan, a Muslim-majority region, has proved to be an interesting investment destination for funds with Muslim shareholders or that are based in Muslim countries. The Malaysian private equity firm Amanah Raya Capital Group, has launched several projects the republic. Their first project was the Kazan Halal Hub.
Nigeria: Small enterprise and job creation
Supporting small and medium enterprises and agribusiness are key priorities for IFC in Africa, since these sectors account for the bulk of employment on the continent. Across Africa, IFC is supporting projects across the food supply chain, including processing, logistics, and distribution.
Brunei: Sarawak-Brunei ties on track
Cooperation between Sarawak and Brunei in five key areas – energy, agriculture, telecommunications, manpower exchange and tourism – is expected to increase following the visit of a state delegation there on Friday.
Thailand: Proposed Halal Parks In Malaysia, Thailand
Halal parks should be established in Malaysia and Thailand to facilitate the permanent promotion of halal products in both countries. The governments of both countries could facilitate the setting up of the parks, including stationing English-Thai translators in the Thai halal park as well as staff well-versed with their respective country’s business environment.
Malaysia: HDC To Assist In Development Of Halal Infrastructure In China
In a statement Monday, the HDC said it recently signed a Memorandum of Understanding (MoU) with SM International Wholesale (China) Centre Sdn Bhd (SMIW) for developing halal models aimed at benefiting Muslim consumers in that country.
Malaysia: Ministry Awaits Nod On Setting Up Of Firm To Run Labuan Halal Hub
The Ministry of Federal Territories and Urban Wellbeing is in the midst of obtaining the nod from the Finance Ministry on the memorandum of association pertaining to the setting up of a company to run the RM86 million Labuan Halal Distribution Hub.
Uganda: Iranians start to build an abattoir in Mpigi
‘The meat is for all people and it will be exported to the Middle East and Africa,’ said Eshragi. About 300 people will be employed during the construction works of phase one, which is expected to last two years.
Pakistan: Malaysia among top 5 foreign investors
Malaysia has won the Diamond Trade and Investment Award for being among top five investors in Pakistan during July 2006 to October 2010 with total investments of $855.7 million.
Pakistan can help China tap over a trillion dollar Halal Food Market
A top official has said that China is developing one of the biggest economic zones in the world which will also benefit Pakistan’s economy.
UAE: Food security to get $1.8bn boost
Armina Ligaya The International Finance Corporation (IFC) has set aside US$1.8 billion (Dh6.61bn) for investment this year in regional projects such as agribusinesses to improve food security, officials say. Ajay Malik, the investment officer for the Mena region and southern Europe at the IFC, the World Bank’s investment arm, said it had raised its investment […]
Middle East states expected to invest $700m in Malaysia
Middle East countries are expected to invest nearly $700 million (Dh2.57 billion) in Malaysia’s eastern region, especially in halal food, a Malaysian official has said.
Pakistan: Engro expanding the Halal way
Many in Pakistan understand the importance of putting their best foot forward in international markets, but few actually take a step. Engro Corp, however, is one such company that recently decided to take the plunge, to mark its presence in the international community. The Pakistani conglomerate recently announced that it has reached an agreement with a Canada-based company to purchase its halal food business.
Malaysia: Sarawak To Promote Halal Hub
Investors from the Gulf region should consider investing in Sarawak’s halal hub and heavy industries, said Chief Minister Tan Sri Abdul Taib Mahmud.
Malaysia: ECER targets RM2b investments from Mid-east each year
The East Coast Economic Region (ECER) of Malaysia, which targets RM2 billion in investments from the Middle East, expects funds inflow into halal manufacturing, agriculture and tourism.
Malaysia’s ECER Eyes GCC Market
ECER will join a mission from Malaysia to attend the launch of “Invest Malaysia 2011” special report and forum in Abu Dhabi on January 30, which will be jointly officiated by the Malaysian Prime Minister, Dato’ Sri Najib Tun Razak and the Crown Prince of Abu Dhabi, HH General Sheikh Mohammed bin Zayed bin Sultan Al Nahyan.
Malaysia: HDC Targets RM2 Billion Investments For Halal Parks
The Halal Industry Development Corporation (HDC) is targeting RM2 billion worth of new investments into its eight halal parks this year from local and international investors.
Makkah’s new look evokes harsh criticism
Jeddah: It is an architectural absurdity. Just south of the Grand Mosque in Mecca, the Muslim world’s holiest site, a kitsch rendition of London’s Big Ben is nearing completion. Called the Royal Mecca Clock Tower, it will be one of the tallest buildings in the world.
Pakistan: Halal movement can strengthen Muslims in the global economy
The Grand Mufti of Bosnia Herzegovina, Dr Mustafa Ceric said that Pakistan could become a Halal hub in the region and has the potential to earn billions of dollars through exports of Halal products, like Malaysia. He pointed that Iran and Turkey are also emerging on world Halal economy.
Malaysia: Qatar, the World Cup and Islamic finance
“WE go to new lands!” exclaimed Sepp Blatter, president of Fifa in unveiling Qatar, over the US, for hosting the 2022 Fifa World Cup. Now, how does Islamic finance and Malaysia “ride on the coat-tails” of this incredible opportunity, having missed many opportunities over the years?
Pakistan: SBI signs MoU with Malaysia’s Halal Industry Development Corp.
Sindh Board of Investment (SBI) achieved a historic milestone in its progress towards development of Halal sector in Pakistan by signing a Memorandum of Understanding with Halal Industry Development Corporation (HDC) which is the premier agency for development of Halal Industry in Malaysia.
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