Hong Leong Islamic Bank Supports Halal Manufacturing in Penang

DRIVEN BY GOVERNMENT INVESTMENT, global demand and the China Plus One strategy, Penang is rapidly becoming a leading force in halal manufacturing. Projected to reach USD113.2bil by 2030 in Malaysia, with an anticipated 8.1% GDP contribution by 2025 (HIMP 2030), the halal sector promises 700,000 new jobs nationwide.

Penang offers manufacturers and halal businesses dedicated halal industrial
parks such as the Penang Halal Industrial Park (PHIP), strategically located near the Penang Science Park. These cater specifically to food and pharmaceutical companies.

But it is more than just bricks and mortar. Besides state-of-the-art facilities, streamlined certification processes and a dedicated halal logistics network, Penang boasts a skilled workforce, a business-friendly environment and a rich cultural heritage that embraces halal values. Initiatives like the Penang International Halal Food & Heritage Festival (PIH2F) further promote local halal businesses and attract international attention. For companies seeking to expand their halal footprint, Penang offers a compelling proposition: A place where innovation meets tradition, and where businesses can truly flourish.