Latest news with #HalalProductsDevelopmentCompany
Argaam
22-04-2025
- Business
- Argaam
HPDC and BRF Break Ground on Major Halal Poultry Facility in Jeddah, Strengthening Saudi Arabia's Position in the Global Halal Market
In a strategic move to establish an integrated halal ecosystem and advance local industries, Halal Products Development Company (HPDC), a wholly owned subsidiary of Saudi Arabia's Public Investment Fund (PIF), in partnership with global food company BRF, has broken ground on a state-of-the-art halal poultry processing facility in Jeddah through their joint venture, BRF Arabia. This milestone marks a significant step in HPDC's efforts to support self-sufficiency in the food sector and elevate local production standards in line with international benchmarks. The facility, one of the largest halal poultry investments in the Middle East, will span over 100,000 square meters. The first phase of the project, currently underway, represents an investment of SAR 600 million and is expected to deliver an annual production capacity of approximately 40,000 tons. The facility's total output is projected to reach 70,000 tons per year in subsequent phases. This phase will cater to various segments including retail, hospitality, and food services through four specialized production lines—sharwarma, burgers, baked products, and calibrated poultry. The project underscores HPDC's commitment to driving sustainable economic impact. In its initial phase, the facility is anticipated to create over 500 direct jobs, in addition to numerous indirect employment opportunities across supply chains and supporting services, thereby contributing to job localization and economic growth in the Kingdom. Aligned with Saudi Vision 2030, the project also aims to support economic diversification and boost non-oil exports. By 2034, the facility is set to export around 11,000 tons of halal products to international markets. Commenting on the event, Mr. Fahad bin Sulaiman Al-Nuhait, CEO of HPDC, stated: "We believe that building national capabilities in halal industries is fundamental to enhancing the Kingdom's role in the global halal economy. This initiative is not just an investment in infrastructure, it's an investment in human capital, product quality, and long-term growth. Through BRF Arabia, we are building a fully integrated halal industrial ecosystem that will elevate Saudi Arabia's competitiveness on the global stage." The new facility represents a cornerstone of HPDC's broader strategy to expand the domestic halal food value chain and establish a robust industrial base that positions the Kingdom as a leading global hub for halal production.
Arab News
22-03-2025
- Business
- Arab News
SCC, HPDC to expand coffee in the halal market
The Saudi Coffee Company and Halal Products Development Company have announced the signing of a strategic cooperation agreement aimed at enhancing collaboration between the coffee industry and halal sector, expanding access to coffee products through certifications. This strategic partnership between two subsidiaries of the Public Investment Fund will allow SCC and HPDC to explore opportunities for halal certification, knowledge exchange, and market expansion. The agreement outlines cross-party cooperation across workshops and market awareness, data and market research, training and development, and halal certification and compliance. Speaking at the signing, Mohammed Zainy, chief marketing and communications officer at SCC, said: 'As the global demand for halal-certified products continues to rise, this partnership enables us to engage with new markets and explore innovative ways to meet the needs of halal-conscious consumers. We are excited to expand our reach with HPDC and offer high-quality, halal-certified Saudi coffee to a broader audience.' Halal Products Development Company, a PIF company, aims to strengthen capabilities within Saudi Arabia's halal sectors and the global halal ecosystem. Through its investment and advisory services, the company empowers its partners by providing the necessary resources and expertise to achieve their strategic objectives. Additionally, HPDC works to build a dynamic and sustainable halal ecosystem both locally and globally, supporting the goals of Saudi Vision 2030 in driving economic growth and diversification. 'This exciting collaboration, strengthening Saudi coffee in the global markets and enhancing Saudi Arabia's position at the heart of the global halal market. Together, we aim to support the growth of halal industries worldwide,' said Dr. Sarah AlMugairin, adviser to the CEO of Halal Products Development Company. The partnership between SCC and HPDC aligns with both entities' efforts towards key Vision 2030 objectives, including economic diversification, sustainability, and the expansion of halal-certified industries.
Zawya
21-03-2025
- Business
- Zawya
Saudi Coffee Company partners with Halal Products Development Company to expand coffee in the Halal Market
The partnership supports SCC's efforts to expand market reach by leveraging the opportunities present in the growing halal sector RIYADH: The Saudi Coffee Company (SCC) and Halal Products Development Company (HPDC) have announced the signing of a Strategic Cooperation Agreement aimed at enhancing collaboration between the coffee industry and halal sector, expanding access to coffee products through certifications. This strategic partnership between two subsidiaries of the Public Investment Fund (PIF) will allow SCC and HPDC to explore opportunities for halal certification, knowledge exchange, and market expansion. The agreement outlines cross-party cooperation across workshops and market awareness, data and market research, training and development, and halal certification and compliance. Speaking at the signing. Mr. Mohammed Zainy, Chief Marketing and Communications Officer at SCC, said: 'As the global demand for halal-certified products continues to rise, this partnership enables us to engage with new markets and explore innovative ways to meet the needs of halal-conscious consumers. We are excited to expand our reach with HPDC and offer high-quality, halal-certified Saudi coffee to a broader audience.' Halal Products Development Company, a PIF company, aims to strengthen capabilities within Saudi Arabia's halal sectors and the global halal ecosystem. Through its investment and advisory services, the company empowers its partners by providing the necessary resources and expertise to achieve their strategic objectives. Additionally, HPDC works to build a dynamic and sustainable halal ecosystem both locally and globally, supporting the goals of Saudi Vision 2030 in driving economic growth and diversification. 'This exciting collaboration, strengthening Saudi coffee in the global markets and enhancing Saudi Arabia's position at the heart of the global halal market. Together, we aim to support the growth of halal industries worldwide,' said Dr. Sarah AlMugairin, Advisor to the CEO of Halal Products Development Company. The partnership between SCC and HPDC aligns with both entities' efforts towards key Vision 2030 objectives, including economic diversification, sustainability, and the expansion of halal-certified industries. About Saudi Coffee Company (SCC) Saudi Coffee Company is a PIF company tasked with re-energizing the Saudi coffee sector, from seed to cup, by empowering farmers, roasters, and café owners across Saudi Arabia. Its goal is to transform Saudi Arabia into one of the largest integrated coffee players in the world, securing a self-sufficient future for the local industry while sharing Saudi Arabia's culture with the world. About Halal Products Development Company (HPDC) Halal Products Development Company, a PIF company, is committed to enhancing the capabilities of Saudi Arabia's halal sectors and the global halal ecosystem. Through its investment and advisory services, the company empowers its partners by providing the necessary resources and expertise to help them achieve their strategic objectives. HPDC adopts a proactive approach to advancing the global halal industry and strives to establish a comprehensive and flexible halal ecosystem in Saudi Arabia. This effort supports the localization of the sector and contributes to economic diversification in alignment with the goals of Saudi Vision 2030.
Arab News
08-03-2025
- Business
- Arab News
Al-Watania Poultry partners with HPDC
Al-Watania Poultry, a global leader in food production, has signed a strategic partnership with Halal Products Development Company, a wholly owned subsidiary of the Public Investment Fund. The agreement was announced during a special event recently held in Jeddah, attended by key figures from both the public and private sectors. This step aims to expand Saudi poultry exports to new global markets, responding to the growing demand for high-quality halal products. Aiming to strengthen collaboration, the agreement focuses on accelerating the adoption of sustainable and innovative practices in the halal food industry, positioning Saudi Arabia as a key global hub for halal products. Mohammed bin Hamad Al Shaya, acting CEO of Al-Watania Poultry, emphasized the significance of the agreement. 'Our partnership with HPDC represents a strategic milestone to strengthen our leading position in the poultry sector and unlock new growth opportunities. By prioritizing innovation and market needs, we remain committed to delivering high-quality halal products that support national food security goals and enhance the Kingdom's local and global competitiveness.' Fahad bin Sulaiman Al-Nuhayt, CEO of Halal Products Development Company, highlighted the broader impact of the partnership. 'We are pleased to partner with Al-Watania Poultry as part of our investment strategy to accelerate the growth of the Halal industry and empower the private sector. Through this collaboration, we will uphold the highest quality and safety standards in halal food production, ensuring that Saudi Arabia remains at the forefront of global halal markets while advancing national food security in line with Saudi Vision 2030.' This partnership reflects the shared commitment of Al-Watania Poultry and HPDC to driving local economic growth, enhancing national food security, and reinforcing Saudi Arabia's position as a leader in the global halal food industry.
Leaders
28-02-2025
- Business
- Leaders
Saudi Arabia, Nigeria Partner to Unlock the $7.7 Trillion Global Halal Market
Saudi Arabia and Nigeria signed a strategic agreement to boost both countries' roles in the $7.7 trillion halal economy. The deal, formalized with Saudi's Halal Products Development Company (HPDC), strengthens bilateral economic cooperation. It aims to position Nigeria as a key global halal market contributor. The partnership underscores shared goals to expand trade and halal industry ties. The deal focuses on food production, pharmaceuticals, Islamic finance, and livestock, leveraging Nigeria's vast agricultural resources and Saudi Arabia's halal industry leadership. Both nations will share technical expertise, enhance trade routes, and streamline halal certification processes to boost cross-border commerce. Strategic Alignment with Saudi Leadership Nigeria's Vice President Kashim Shettima hailed the agreement at the Makkah Halal Forum as a 'game-changer' for Nigeria's economy. He linked it to President Bola Tinubu's Renewed Hope Agenda, prioritizing diversification. The ceremony brought together Saudi Commerce Minister Dr. Majid Al-Qasabi and HPDC CEO Fahad Alnuhait. Their participation underscores alignment with Saudi Arabia's strategy to cut oil dependency through non-traditional sectors. This mirrors Crown Prince Mohammed bin Salman's reforms, emphasizing diversification and global partnerships. Technical Cooperation and Market Access Central to the accord is Saudi HPDC's role in facilitating market access. The company, a subsidiary of Saudi Arabia's Public Investment Fund, will support capacity building and regulatory harmonization. Transitioning from rhetoric to action, the deal aligns with Saudi Arabia's 2030 vision to codify laws and modernize economic frameworks, as noted in recent BTI Transformation Index reports. Beyond trade, the pact reflects Nigeria's pivot toward strategic alliances with Gulf nations. As Saudi Arabia balances diplomatic initiatives like Ukraine peace talks with domestic reforms, this partnership positions both nations to capitalize on global halal demand—projected to grow 8.2% annually by 2030. Transitioning Nigeria from a hydrocarbon-dependent economy to a halal powerhouse, this collaboration promises jobs, foreign investment, and a renewed global identity for Africa's largest economy. Short link : Post Views: 36
