Malaysia to expand its Halal industry, with projections estimating its value will surpass $50 billion (RM231.1 billion) within five years, accounting for 10.8% of the country’s GDP by 2030.
To achieve this ambitious goal, the government has streamlined the Halal certification process, cutting approval times from three months to just 15 days.
Malaysia is strengthening its presence in international Halal trade by hosting discussions with both Muslim-majority nations and non-Muslim countries such as Japan and Timor-Leste.
Additionally, it is enhancing strategic partnerships with nations including Saudi Arabia, Russia, Uruguay, and China.
Plans are also underway to expand Halal industrial parks to increase domestic production and attract multinational investors. These initiatives will position Malaysia as a global leader in Halal manufacturing and exports.
In 2022, Malaysia’s Halal industry contributed 7.4% to its GDP, equivalent to RM108.5 billion ($24.2 billion).
Globally, the Halal market is expected to reach $5 trillion by 2030, driven by the growing Muslim population and shifting global consumption trends.
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