Latest news with #MakkahHalalForum
Leaders
13-03-2025
- Business
- Leaders
Tourism Ministry Meets Makkah Hotel Managers to Promote Pilgrims' Experience
Saudi Arabia's Ministry of Tourism has held a meeting with Makkah's hotel managers to provide pilgrims and visitors with seamless services, according to the Saudi Press Agency. The meeting discussed regulatory compliance, the development of the hotel sector, current challenges, and new suggestions to provide visitors and pilgrims with high-quality services. Crucially, the event underscored the growth of hotel licenses that is driven by increased demand for accommodations and extraordinary pilgrims' experiences. Tourism Ministry Meets Makkah Hotel Managers to Promote Pilgrims' Experience Furthermore, the ministry explored how to raise hotel classifications through commitment to quality standards and utilization of the ministry's development programs. The meeting also reviewed its plans to boost the guest and pilgrims' experience, develop hotel services as well as strengthen cooperation between the Ministry and hotels. As part of the ministry's pivotal efforts to promote hospitality services, such meetings seek to provide a top-tier experience for visitors and pilgrims, especially as the demand for quality accommodations is growing. Recently, licensed facilities in Makkah have exceeded 1,000 and licensed rooms reached 268,000 by the end of 2024. Related Topics: Makkah's Licensed Hospitality Facilities See 80% Growth in 2024 Commerce Minister Opens Makkah Halal Forum Makkah's Green Revolution: Second Hydrogen Bus Trial Launched Short link : Post Views: 40 Related Stories
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
Saudi Gazette
28-02-2025
- Business
- Saudi Gazette
Makkah Halal Forum concludes, reinforcing Saudi Arabia's role in the global halal industry
Saudi Gazette report MAKKAH — The Makkah Halal Forum concluded on Thursday after being held from February 25 to 27 at the Makkah Chamber for Exhibitions and Events Center under the theme "Sustainable Development through Halal." The forum highlighted Saudi Arabia's role in the Islamic economy and its contributions to the halal industry. Discussions focused on strategic innovation in a diverse market and positioned the forum as a platform for global halal opportunities. Participants emphasized the importance of advancing the halal sector and strengthening international partnerships to support economic growth. The forum also underscored Saudi Vision 2030's goal of establishing the Kingdom as a global halal hub, driven by innovation, quality, and global confidence in Saudi products.
Leaders
27-02-2025
- Business
- Leaders
Commerce Minister Opens Makkah Halal Forum
Minister of Commerce Dr. Majid Al-Kassabi inaugurated the Makkah Halal Forum on Wednesday under the theme 'Sustainable Development through Halal.' The forum, held at the Makkah Chamber for Exhibitions and Events Center, gathered officials, business leaders, and key stakeholders. Dr. Al-Kassabi, along with attendees, toured the accompanying exhibition before participating in the official opening ceremony. Global Halal Products Market In his speech, the minister highlighted the rapid growth of the halal industry, stating that the global halal products market is valued at approximately $7 trillion in 2024 and is projected to reach $10 trillion by 2030, growing at an annual rate of 5.5%. He emphasized that the halal sector is no longer confined to Islamic countries but has gained global prominence due to its commitment to quality, health, and religious standards. Dr. Al-Kassabi also reaffirmed Saudi Arabia's commitment to positioning itself as a global hub for the halal industry in line with Vision 2030. This goal is being pursued through the national halal strategy and the establishment of the Halal Products Development Company to drive innovation, enhance quality, and expand market opportunities. Makkah Chamber of Commerce Chairman of the Makkah Chamber of Commerce, Abdullah Saleh Kamel, who also chairs the Islamic Chamber of Commerce and Development, underscored the forum's role as a leading global platform for advancing the halal industry and strengthening the Islamic economy. He noted that as the halal market continues to expand into multiple sectors, new strategies are essential to maintain excellence and quality. He also emphasized Makkah's central role in spearheading these initiatives. The event concluded with the signing of several Memoranda of Understanding (MoUs) between local, Islamic, and international organizations. Additionally, key participants, sponsors, and individuals who contributed to the forum's success—including Dr. Al-Kassabi—were honored for their efforts. Related Topics : Makkah Halal Forum 2025: Premier Hub for Global Halal Industry Leaders Saudi Arabia Announces SR375 Billion Mining Investment Opportunities Makkah Halal Forum to be Launched on Tuesday Saudi Arabia Leads the World in Government Trust, Future Outlook Short link : Post Views: 5
Arab News
27-02-2025
- Business
- Arab News
Saudi Arabia strengthens halal leadership with 13 new deals at Makkah forum
JEDDAH: Saudi Arabia saw the signing of 13 agreements at a special event in Makkah, boosting its halal industry leadership by expanding investment, strengthening certification standards, and enhancing food production. Announced during the second edition of the Makkah Halal Forum, held from Feb. 25 to 27, the deals included partnerships between the Halal Products Development Co., a subsidiary of the Public Investment Fund, and Al-Watania Poultry, Golden Chicken Farms Co., and Ajlan & Bros Holding Group. The Islamic Chamber of Commerce and Development also signed agreements with Brazil's Fambras Halal, Thailand's Halal Science Center, and Slovenia's KulinWorld to enhance global certification and research in the industry. Additionally, the Saudi Authority for Industrial Cities and Technology Zones, or MODON, secured deals with First Milling Co. and Ghitha Alzad Food Industries to strengthen halal food production infrastructure. Held under the theme 'Sustainable Development through Halal' and inaugurated by Saudi Commerce Minister Majid Al-Kassabi, the forum aligns with the Kingdom's Vision 2030 goals of economic diversification and private sector expansion. As the birthplace of Islam, the Kingdom has long been a trusted source of halal products and is leveraging its influence to lead the $7 trillion global halal market, which is projected to reach $10 trillion by 2030. Muslim consumer spending on halal-certified products is estimated at $207 billion, according to the American Halal Foundation, underscoring the sector's economic potential. With participation from over 150 companies across 15 countries, the forum has become a key platform for driving innovation, enhancing standards, and reinforcing Saudi Arabia's role as a central hub in the international halal economy. The agreements signed during the forum support business development and economic growth across various sectors. They establish a framework for halal sciences, contribute to the advancement of scientific and educational materials, and reinforce the forum's global standing. Serving as a global gathering for industry leaders, the forum facilitated collaboration on innovations and best practices in the halal sector, with a focus on sustainability and development. As a platform for business partnerships and investment, it reinforced Saudi Arabia's position in the global halal economy.
