Halal Expo Dubai to focus on $1.4tn halal F&B sector
Food and beverage tops spend by the global Muslim population, at $1.17 trillion in 2015
The global halal products and services sector is growing at 8% year-on-year to US $2.3 trillion (AED8.44 trillion) – higher than the GDP of more than 200 countries in the world, according to research conducted by Orange Fairs and Events, organisers of the Halal Expo – Dubai, 2017. Of this, about 67% represents the food and beverage industry, worth $1.4 trillion (AED5.13 trillion).
The ninth edition of the Halal Expo Dubai 2017 will be held at the Roda Al Bustan hotel from September 18 to 19, 2017, Orange Fairs and Events announced.
The State of the Global Islamic Economy Report 2016-17 estimates global Muslim spend across sectors at more then $1.9 trillion in 2015, while the Islamic Finance sector has around $2 trillion in assets. Food and beverage tops spend by the global Muslim population, at $1.17 trillion in 2015, followed by clothing and apparel at $243 billion, media and recreation at $189 billion, travel at $151 billion, and spending on pharmaceuticals and cosmetics at $133 billion.The report estimated the revenues from halal-certified food and beverage products to be $415 billion; while revenues from halal fashion clothing purchased by Muslim women to be $44 billion and revenues derived from halal tourism services to be $24 billion, in 2015.
“Halal products and services now touches all aspects of our lives and we are witnessing a gradual shift towards halal products and services – be it fashion clothing, fragrance, cosmetics, personal care products or travel, tourism and hospitality – we now have all aspects covered.
“The Halal Expo – Dubai 2017 therefore comes at an important juncture, when the UAE is also fast-tracking the halal movement by creating a centre for the global halal and Islamic economy,” Raees Ahmed, director of Orange Fairs and Events said.
Halal Expo – Dubai 2017 will be open to business visitors for sourcing products and services from 10:00 to 18:00 hours, September 18 to 19, 2017 at the Roda Al Bustan Hotel, near Dubai International Airport, Al Garhoud Area. More than 100 companies from 15 countries, such as Kazakhstan, Malaysia, Indonesia, Poland, Pakistan, Switzerland, India, the UK, Brunei, the Philippines, South Africa, China and many more are expected to join the show.