Malaysia is showcasing the country's extensive capabilities in managing a global halal ecosystem and simultaneously, attract global players to use the country as a viable hub at Expo 2020 Dubai.
For this the Halal Development Corporation Berhad (HDC) and the Malaysia External Trade and Development Corporation (Matrade) are hosting the Halal Cluster Week from November 15 to 20, 2021 at the Malaysia Pavilion.
At the Halal Cluster Week, HDC is organising daily thought leadership and pocket talks sessions, networking engagements and business meeting sessions throughout the five-day business mission to drive investor interest, raise awareness and initiate potential partnerships and collaborations.
HDC also announced a Memorandum of Understanding (MoU) exchange between HDC and the Chartered Institute Logistics and Transport (CILT) International, which will culminate in the development of the Halal Supply Chain Management System (HSCMS).
"The Halal Cluster Week in Dubai is an opportunity for us to increase global awareness of Malaysia's capabilities in halal production and promotion, be it for halal funding with Islamic finance, or for halal integrity and traceability in the logistic industry which is today one of the key sectors that is ripe for further development and investment," said HDC's CEO Hairol Ariffein Sahari, during the launch of Halal Cluster Week.
Matrade will be hosting its Halal Business Showcase, featuring business meetings and business matching sessions via the Export Acceleration Mission (EAM) on Digital Halal Ecosystem, where a total of 19 Malaysian halal-certified and export-ready companies to be physically showcasing and offering various halal products and services for the global marketplace.
UAE is a key economic partner for Malaysia and has consistently been Malaysia's major trading partner in the West Asia region. In 2020, amongst the West Asia countries, UAE has been Malaysia's largest trading partner, largest export destination and second largest import source.
From the first eight months of 2021, Malaysia’s total trade with UAE was valued at RM13.97 billion ($3.39 billion), increasing 8.6% as compared to the corresponding period last year. Malaysia's total exports was valued at RM6.44 billion (1.56 billion) increasing by 17.8% while total imports similarly increasing by 1.8% to RM7.53 billion ($1.83 billion).
Malaysia will conclude its partnership with key trading partners through knowledge sharing, logistics and supply chain connectivity and market expansion through digital platform.
These include HDC's partnership with the African Institute of Islamic Finance (AIIF), Halal Supply Chain & Logistics training sessions and Malaysia's Halal Digital platform showcase that features the Halal Integrated Platform (HIP) and Digital Augmented Reality Showcase (Dash).
On Islamic Finance, the launch of the Financial Assistance Facility Fund by Standard Chartered Saadiq, in collaboration with HDC is expected to benefit both Malaysian companies expanding overseas and foreign companies planning to establish commercial presence in Malaysia's Halal Industrial Parks.-- TradeArabia News Service