Jeddah, Kingdom of Saudi Arabia 30^th May 2022: Top industry players, policy makers and experts in the Halal industry will convene in Sharm El Sheikh, Egypt to discuss the role of Halal industry in creating economic opportunities and reviving the global economy.

The experts will gather in Egypt during the IsDB Group Private Sector Forum on the sidelines of the 47^th Islamic Development Bank’s Annual Meeting. The theme of the side event is: Rejuvenating Halal Economy, Creating Economic Opportunities. The discussion will take place at 10am on 4^th June 2022.

The Halal economy is estimated to grow to US$3.2 Trillion by 2024. It is an industry that is quite diverse with products ranging from foods and beverages, pharmaceuticals, tourism, cosmetics, media etc.

Speakers at the high-level event include IsDB Vice President (Operations), Dr. Mansur Muhtar, IsDB Acting Director General (Global Practice and Partnership), Mr. Amer Bukvic; Mr. Hanisofian Alias, Chief Industry Development officer,  Halal Development Corporation, Malaysia; Mr. Amel Kovacevic, CEO, United Bank of Albania; Ms. Yvonne Maffei, Founder, Halal Kitchen, USA; Mr. Tomás Guerrero Blanco, Director at Halal Trade and Marketing Centre and Dr. Angitto Abimanyu, Chairman, Indonesia Hajj Fund.

Dr. Mansur Muhtar, Vice-President (Operations) at IsDB stated: “The halal industry has enormous potential. By tapping into opportunities offered by the Halal economy we can create more jobs and support the effort of our member countries to revive their economies following the devasting impact of COVID-19. This is also in line with the strategic objectives of the realigned strategy of Islamic Development Bank.”

Mr. Amer Bukvic, Acting Director General, Global Practice and Partnership at IsDB Commented: “This is a great opportunity to showcase the immense contribution of the halal industry to the world. With rising unemployment and inflation across the globe, we need to explore non-traditional means of reviving the global economy. The Halal economy is a tested and trusted industry that we can tap into to support this endeavor.”