Witnessing growth with increasing demand:

The three-day Makkah halal Forum, which kicked off today (Tuesday) under the patronage of His Excellency Dr. Majid bin Abdullah Al Qasabi, Minister of Commerce of the kingdom of Saudi Arabia, is expected to contribute to providing the halal industries sector with many important investment partnerships and promising economic opportunities in this vital field, which is witnessing an upward trend with increasing demand for halal products from Muslims and non-Muslim countries. The halal industry sector in the world is one of the most promising economic sectors, as the global Islamic economy Reality Report predicts that consumer spending on halal products around the world will reach 2.4 trillion dollars in 2024, while the demand for halal products and services is increasing, not only by Muslim consumers, but also by non-Muslims, driven by their association with safe and healthy eating. The global halal market is witnessing a significant growth, as the volume of growth in this market is expected to reach 7.7 trillion dollars by 2025 with the leadership of the Islamic finance sector in the path followed by the food and beverage, pharmaceutical, medical, health, cosmetic, Travel, Tourism and other halal industry products and services, not to mention education and health, as recent economic reports have predicted that the halal economy market will rise during the current decade from 2.30 trillion dollars in 2020 to 4.96 trillion dollars in 2030, an increase of up to 115% in 10 years. Saudi Arabia, which is one of the leading countries in the halal industry in the world, because of its position and leadership in the Islamic world, aims to strengthen its position at the heart of the global halal industry, where, through the public investment fund, it initiated the establishment of a company specialized in "halal product development" in 2022, in addition to establishing a halal products center affiliated with the food and Drug Administration, which exercises a supervisory and supervisory role to ensure that meat and poultry are slaughtered and stored according to Islamic Sharia," the center also specializes in ensuring the manufacture of food, cosmetics and medical devices in a way that free from any preparation that violates Islamic law. It is noteworthy that the Makkah halal Forum launched its activities today (Tuesday), under the patronage of H. E. Dr. Majid bin Abdullah Al Qasabi, Minister of Commerce in the kingdom of Saudi Arabia, under the slogan "creativity in the halal industry", at the Makkah Chamber of exhibitions and Events Center in Makkah, organized by manafee and the Islamic Chamber for halal services (ICHS), in strategic partnership with the Saudi Standards, Metrology and quality organization and the Saudi Food and Drug Authority, with the participation of the Makkah Chamber of Commerce and the Islamic Chamber of Commerce and development. Through more than 10 discussion sessions and 250 meetings, the forum will discuss a number of issues and topics related to the halal industry in the world, including halal certification and standards, the latest standards and regulatory frameworks to ensure the safety and authenticity of halal products and services, as well as the halal food industry and explore trends, innovations and best practices in this sector, including supply chain management, quality control, food safety, and meeting consumers ' diverse preferences.