The Public Investment Fund (PIF) is looking to create a halal ecosystem through strategic collaborations that will improve the local economy and eventually lay the groundwork for the establishment of a single halal brand throughout the Kingdom.
The PIF-backed Halal Products Development Company and the Saudi Exports Development Authority (SEDA) have signed an agreement to launch the Halal Products Manufacturing Accelerator program, which will promote and enhance the halal sector while also assisting local businesses in entering the global marketplace.
The agreement will aid in finding target markets and partners to strengthen Saudi export links
Furthermore, the agreement will aid in finding target markets and partners to strengthen Saudi export links, while also encouraging domestic customers to buy locally.
This initiative is part of the Vision 2030 goal to accelerate growth for ‘Made in Saudi Arabia’ products and services in order to boost the Kingdom’s economic growth and diversification.
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