Dubai’s Dafza looks to boost halal investment with new industries guide

Dubai’s Dafza looks to boost halal investment with new industries guide

The Dubai Airport Freezone Authority (Dafza) is eyeing foreign investment opportunities with the launch of its new halal industries guide.

The guide is said to help the country achieve its aim of becoming the capital of the Islamic economy from 2017-2021 and highlights halal products and investment opportunities within Dubai in fields such as the cosmetics industry.

Looking to assist foreign investors in decision-making regarding the halal industry, the guide is said to be the first of its kind and aims to help the Islamic economy exceed $3 trillion by 2021 at an 8 percent growth rate.

Mohammad Al Zarouni, Director General of Dafza, said in a statement, “Dubai’s free zones have played proactive roles in developing the emirate’s vital sectors, including the halal industry that has achieved an annual growth of 8 per cent, according to official statistics.
“Due to its steady growth and consistent contributions to the national economy, the sector has been receiving unprecedented government support as well as posting strong trade flows due to the investment opportunities it facilitates, which advance the market among the ranks of global players.”

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