Muslims constitutes around 20% of total world’s population with more than 1 billion adherents. It is estimated that their population share will increase up to 25% of world population by 2030. This huge population has its own specific dietary requirements (consumption of halal food) that form a huge food market. Interestingly, this huge Halal market is dominated by non-Muslim countries like Australia, Brazil, China etc. But it doesn’t mean that Muslim-majority countries are not taking interest in the Muslim-related market that is anticipated to reach worth of $2.55 trillion by 2024.
UAE is one of the leading players in world business arena and the country is trying its best to provide opportunities for all types of businesses to local and foreign entrepreneurs. One can’t expect such a business friendly government to remain inactive in the type of business that is directly related to them. According to latest findings, UAE is on top among countries that have best developed ecosystem for halal food and beverages. It is a clear indication that the important Gulf country is adopting best strategy to become global leader in the fast expanding global Halal market.
Recently, an important step is taken by renowned free zone DAFZA as it is hosting a Halal digital chain project and blockchain forum in collaboration with the ICIE (International Centre for Islamic Economy). This latest event is intended to discuss latest technologies that can contribute in the further development of halal market of UAE and other nations with interest in the halal food market. The initial forum was attended by entrepreneurs, investors and diplomats from various countries including Malaysia, Pakistan, Nigeria, Australia, China and others.
According to DAFZA, the forum is part of an effort to adopt latest technologies in order to achieve the Dubai Smart Plan 2021 that will transform Dubai into the world’s smartest city. It is also told that the country is also trying to support Islamic economy and develop its Halal sector and the recent event will assist the UAE in achieving its goals.
So, if you are interested in development of your Halal food business in UAE by being a part of one of the world’s best market in Dubai, then we at Riz & Mona Consultancy can help you in getting Halal food product registration in Dubai. Our services are also available in other emirates of UAE. You can contact us via our WhatsApp # 971-56-9971225.