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EZW halal zones draw investor interest at Jafza Seminar

The rising demand for halal products offers growth opportunities.
Free zones, Halal, Jafza, NEWS, Ports & Free Zones

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The recently announced halal zones in Jafza and TechnoPark, highlighted during Jafza Business Seminar held last week at Kuala Lumpur Convention Centre in Malaysia, have spiked strong business interest among Malaysian investors for Jafza facilities at the Free Zone.

Speaking at the event, Jafza's deputy CEO and chief commercial officer, Ibrahim Al Janahi said: “Rapidly increasing demand for halal products in the Middle East, in particular, and globally, in general, has made halal one of the most important sectors in the global economy.

"[The] Global halal products market is currently valued at $2.3 trillion, which accounts for more than 20% of total food market of the world. Trade in halal products will continue to grow at more than 4.8 per cent annually to reach about $6.4 trillion in 2020.

"The sector, therefore, provides huge opportunities for global investors. EZW initiative to develop a state-of-the-art Halal Zone in Jafza to serve international markets and another Halal Zone in TechnoPark to serve the local and regional markets, seeks to address upcoming market demands.

The forum was attended by 60 leading manufacturers and exporters mainly from food, healthcare, beauty, technology, and oil and gas sectors besides UAE and Malaysian dignitaries including HE Eiman Ahmed Al Hashemi, head of consul affairs department at the UAE embassy in Malaysia, HE Dato Sri Mir Khan, executive chairman for Organisation for Islamic Cooperation (OIC) and Dato Dzulkifli, deputy chief executive officer of Malaysia External Trade Development Corporation (Matrade).

Jafza's senior vice president Adil Al Zarooni gave a presentation at the seminar on EZW roadmap to develop Halal Zones as all-inclusive hubs, supported with world-class infrastructure, perfectly suited to attract leading enterprises in the entire gamut of halal industry.

He said: “Halal Zones will integrate a one-stop-shop system to service each and every need of customers in the halal supply chain, offering ease of doing business.

'We seek to collaborate and attract organisations, associations, accreditation bodies, R&D, as well as advisory firms to support the entire halal value chain right from R&D, product development to sourcing, production, logistics, sales and marketing."

EZW has allocated infrastructure-ready plots of land for Halal Zones in Jafza and TechnoPark. Jafza Halal Zone will be built on an area of over 850,000 square metres while TechnoPark Halal Zone will be spread over a plot of over 700,000 square metres.

Multi-phased EZW Halal Zone Development Plan will also identify laws, regulations, and licencing needs of the Zone and draft laws and regulations accordingly. It will also set up the internal processes and systems to automate different processes.

The Halal Zones are expected to be fully operational in the next two years.

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