PIF Establishes A New Business To Market Saudi Arabia As A Significant Halal Hub

PIF, HPDC will invest in KSA Halal production hub, boosting ecosystem effectiveness locally & supporting the growth of knowledge & innovation

Riyadh — The Halal Products Development Company (HPDC) will invest in localizing the Halal production industry hub in Saudi Arabia.

#PIF announces the launch of the Halal Products Development Company (HPDC), #aPIFcompany that will invest in localizing the Halal production industry in Saudi Arabia.

Learn more: https://t.co/2ncDExHpY9 pic.twitter.com/n6Pm99O8Z4
— Public Investment Fund (@PIF_en) October 24, 2022

Boosting the ecosystem’s effectiveness locally and supporting the growth of knowledge and innovation in this critical sector was established on Monday by the Public Investment Fund (PIF).

The launch of HPDC is in line with the #PIFstrategy 2021-2025, which aims to develop and enable the capabilities of key sectors in Saudi Arabia – including consumer goods and retail, and food and agriculture – to localize industries and improve the trade balance.
— Public Investment Fund (@PIF_en) October 24, 2022

The HPDC intends to export its products to a variety of markets around the world.

#PIF congratulates the Halal Products Development Company on the signing of a joint venture agreement with BRF, for the purpose of establishing a company in Saudi Arabia mandated to increase production in the poultry sector, and boost the localization of food manufacturing.
— Public Investment Fund (@PIF_en) October 24, 2022

HPDC will work to coordinate international efforts and promote Saudi Arabia as a global Halal Hub center. Building on Saudi Arabia’s standing in the Islamic world.

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