To drive growth within the Islamic economy
Dubai Airport Freezone Authority (DAFZA) has signed a Memorandum of understanding (MoU) with the Malaysian Penang International Halal Hub (PIHH), to establish a framework of cooperation between the two sides.
The agreement will provide the Halal Trade and Marketing Centre (HTMC) with a range of world-class services, supporting companies and businessmen locally, regionally and globally.
The MoU was signed during an official ceremony held at DAFZA head office in Dubai, and attended by Nasser Al Madani, Assistant Director General at DAFZA, and Dato’ Haji Abdul Halim Hussain, State Minister for Domestic and International Trade and PIHH Chairman, in addition to officials and employees from both sides.
The Halal Trade & Marketing Center, which was launched in October 2018 by DAFZA provides an integrated range of services across the Halal industry, supporting international companies and businessmen to access this fast-growing market.
It also helps companies to better understand the main trends and opportunities in this market as well as the regulation, allowing for better decision making within operations.
PIHH is an agency fully owned by the Government of Penang State in Malaysia.
It provides the platform for numerous initiatives aiming to support the local and international Halal industry through regional and international partnerships with stakeholders.
The MoU adds PIHH to HTMC’s list of partners, allowing PIHH to provide companies growth support services, in addition to linking them to ASEAN markets, namely the IMT-GT, and vice versa to the GCC region.
Nasser Al Madani, Assistant Director General at DAFZA, said: “This MoU falls in line with the strategic objectives of DAFZA, aiming to support the Emirate of Dubai’s efforts to establish itself as a global hub for the Islamic economy and the Halal industry.”
Al Madani also pointed out that the MoU is in line with DAFZA’s strategy for Islamic economy, which includes three main themes and 20 strategic initiatives.
Dato’ Haji Abdul Halim Hussain,State Minister for Domestic and International Trade and PIHH Chairman said: “Penang and Dubai, both are situated at strategic economic locations.
“Penang has ready access to Southeast Asia (ASEAN) market and it is at the centre of the One Belt One Road (OBOR) region with strong business eco-system, sizable international talent pool, efficient logistics networks and services.
“This has made Penang and PIHH the destination of choice for investors, manufacturers, traders globally to operate their businesses from and making it a hub to export their products and services.
“PIHH as the main hub and a gateway for Halal Industry in the Southeast Asia (ASEAN) region will be a major contributor to the growth of Dubai as the global gateway for Halal Industry located in the Middle East.
“The collaboration between PIHH and HTMC will create great synergies and contribute towards greater achievements in the global Halal Industry as a whole.”
The trade volume between UAE and Malaysia in 2016 was recorded at AED 15.4 billion meaning that the UAE remains the largest GCC trade partner for Malaysia.
HTMC aims to develop businesses opportunities within the Islamic economy for manufacturers, suppliers and distributors of the Halal economy products and services.
This is achieved by facilitating services in three key categories which are growth support services, Halal compliance services, and market intelligence services.
The Center is supported by the main strategic partners operating within the Islamic economy. These partners provide world-class services to boost the Center’s offerings.