Category: Development Projects
Malaysia: HDC, IDB in talks to set up Halal investment fund
HDC CEO Datuk Seri Jamil Bidin said, “We can use the fund as a mechanism and propose it to the wealthy countries like in the Middle East and Brunei to inject funds and then, channel it to IDB member countries that have the ability to produce food supply.”
Oman plans Halal food training centre with Malaysian support
Malaysia’s Halal Industry Development Corporation (HDC) and Public Establishment for Industrial Estates (PEIE) have signed a memorandum of understanding for collaboration in the areas of education, training and development of industrial parks on halal products in Oman.
UAE: Jafza-Malaysia Trade records yearly growth of 29% in the last ten years
Jafza plan to set-up an incubation centre in the free zone to encourage Small and Medium Enterprises from Malaysia and other countries from the region to set up their operations.
Saudis make Desert Sands into Solar Polysilicon
With this move, Saudi Arabia is slowly beginning to make some moves towards diversifying out of oil, which is its only real exportable commodity – and towards solar power and sand-based polysilicon.
Saudi Arabia to Cultivate Two Million Acres in Sudan
Chairman of Jeddah Chamber of Commerce, Sheikh Saleh Kamel revealed that the Sudanese government agreed to establish a free zone to be given to Saudi Arabia for cultivation. The area will be close to Port Sudan, to transport products easily across the Red Sea.
Saudi Arabia: Sweet success as Mars invests SR225m in KAEC
In a sign of growing confidence in the Kingdom’s economic stability, Mars Incorporated, a global food giant with annual sales exceeding $30 billion, announced on Wednesday SR225 million ($60 million) initial investment to build a state-of-the-art manufacturing facility at King Abdullah Economic City (KAEC) in Rabigh, about 130 km north of Jeddah.
Brunei: Canadian firm to assist with Food Development Centre
Dept. of Agriculture and Agrifood’s goal is the establishment a Food Development Centre (FDC). The department has thus appointed Agriteam Canada Consulting Ltd to implement the establishment of the Food Development Centre project, which is one of the projects falling under the Agrifood Development and Agriculture Biotechnology Programme of the National Development Plan 2007-2012. Statistics from 2011 showed that the agrifood industry had achieved B$57.13 million – exceeding the targeted $56.5 million.
France: After Halal products and Halal stores, here comes HALAL Logistics
The Port of Marseille, with the strong support of the Malaysian government, is actively developing the Halal logistics sector. Intense lobbying is in place in order to convince logistic companies to move into this developing sector.
Malaysia: HDC expects slowdown in Halal investment
Halal Industry Development Corp (HDC) expects to attract RM1 billion investments from local and foreign investors for all eight halal parks in the country next year. The target is smaller than this year’s RM2.4 billion investments due to global economic uncertainties.
Turkey: OIC Chief Identifies Key Issues To Unlock Intra-Islamic Trade And Travel Potential
Prof. Ekmeleddin Ihsanoglu, Secretary General of the Organisation Of Islamic Cooperation (OIC), has outlined a number of issues that are restricting the growth of economic development and business/trade potential in the Islamic countries. Here is an edited text of his speech:
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 […]
