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KUALA LUMPUR – Halal Development Corporation Bhd (HDC) is targeting a RM40 billion revenue from halal food services and RM1.6 billion from halal pharmaceuticals by 2025 via its Halal Sectoral Roadmap Implementation 2021.
HDC chief executive Hairol Ariffein Sahari said there is substantial potential to grow the halal economy with rising demand globally, not only from Organisation of Islamic Cooperation countries, but also emerging nations and continents.
He said local halal food services is expected to record a positive growth of 18% compound annual growth rate (CAGR) and 4.2% CAGR for pharmaceuticals by 2025. – Bernama, March 17, 2021