The Halal Product Development Company, which aspires to invest in developing and localising the Halal Products Industry Sector in the Kingdom, was recently unveiled by the Saudi Public Investment Fund.
The fund said today, Monday, that the company will help local businesses and small and medium-sized businesses expand their markets within the global halal products industry.
The company will develop the Halal Products Industry Sector in the Kingdom, through partnership with leading companies in the manufacture of halal and food products at the local and global levels.
The Halal Product Development Company works with the food, cosmetics, and pharmaceutical industries to develop halal products by localising knowledge, technology, and innovation.
By offering a wide range of specialist services and consulting, the company will help the sector’s investment and economic potential.
The establishment of the company comes in line with the Investment Fund strategy 2021-2025 to develop and enable the vital sectors in the Kingdom, including the consumer and retail sector, the food and agriculture sector, which contributes to improving the trade balance and resettling and developing the industry..
Saudi Public Investment Fund establishes a business to develop halal goods.
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