The global Halal industry was estimated to worth around US$2.5 trillion in 2015, with Malaysia contributing approximately US$12 billion. The state government recognises that there is a huge potential for the Halal industry in Johor with its strategic location and increasing global Muslim population of 1.8 billion as of 2013 (~28.4% of global population). As one of Malaysia’s largest food producers, Johor is also looking to develop its expertise in halal with industrial parks that have been designed to cater to industries following Islamic principles. In addition, the state government recognises that there is a need to consolidate and shift the agrofood and processing industry up the value chain. As such, the government strives to create an integrated Halal industrial park that focus on offering Halal food and non-food products and services (trading, logistics, finance, R&D, certification and verification, testing centres).
Halal Economy Investment Opportunities
- Halal agrofood and processing
- Finance services (Islamic banking)
- Trading services
- Logistics and warehousing
- Certification and verification
- Pharmaceuticals and cosmetics