Halal growth means big things for the UAE

Click here: Albawaba.com – Halal growth means big things for the UAE

The growing Halal industry, worth an estimated US $2.1 trillion, brings renewed focus on the UAE as a financial and trade hub, says IIR Middle East, organisers of the forthcoming Halal World Expo.

As the three day celebration of Eid Al-Fitr quickly approaches, Muslims around the world are buying Halal foods to break the fast for both their families and those in need.  There are approximately 1.8 billion Muslims demanding Halal-ensured products; it is understandable therefore that annual growth for the Halal food market stands at US$500 billion. The UAE imports 80 per cent of the Halal food it consumes from countries such as Brazil and Australia, the latter exporting 43,071 tones of mutton, 17,685 tones of lamb and 3312 tones of beef to the Middle East in 2006…Halal World Expo, which takes place at the Abu Dhabi National Exhibition Centre on 9-11 December 2007, illustrates how the Gulf is increasingly being considered the local hub of Halal food development and logistics.  According to figures from the Dubai Chamber of Commerce and Industry, the UAE is the second largest Arab economy after Saudi Arabia.

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