Halal Hub in the Making

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Penang has been an attractive investment destination for the past few decades, boasting capital inflows of RM12.2bil in 2010 alone, with a large proportion going to the E&E sector. However, the growing halal industry in Malaysia has presented an excellent opportunity for Penang to diversify its investment sources.

The halal industry as a whole has expanded beyond its traditional association with food fit for Muslim consumption. The Penang state government, for example, has chosen to take a holistic view of the industry’s development in the state in the hopes of getting a slice of a market that has been estimated to have a worldwide value of over US$2.1tril (RM6.3tril)1.

Halal parks have been set up across Malaysia to provide places for manufacturing and service-based companies to operate on common property.


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