Halal Expo Dubai to focus on the $2.3 trillion global halal industry
The 9th edition of the Halal Expo Dubai will be held at the Roda Al-Bustan hotel from Sept. 18 – 19, 2017, organisers Orange Fairs and Events announced.
Halal Expo Dubai 2017 is the largest and most comprehensive business-to-business (B2B) halal event in the Middle East for the $2.3 trillion global halal industry. The organizers of the event, which previously attracted participation from 13 countries and registered 3,700 trade visitors from 40 countries, expect a larger trade participation.
Halal Expo Dubai focuses on a number of business verticals, including, food, beverage, fashion, cosmetics and personal care products, travel and tourism, hospitality, banking and finance.
The Global Islamic Economy Report 2016-17 estimates global Muslim spending across sectors at over $1.9 trillion in 2015, while the Islamic finance sector has around $2 trillion in assets.
Food and beverage topped spending 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 touch all aspects of our lives and we are witnessing a gradual shift toward 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 center for the global halal and Islamic economy,” said Raees Ahmed, director of Orange Fairs and Events, organisers of the Halal Expo Dubai.