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The potentials and opportunities in the future of global halal industry are huge and promising. The Islamic economy – consisting of economic sectors whose core products and services are structurally affected by Islamic ethics and law – has established an increasingly important footing in the future global economy. The sectors are halal food fashion, travel, cosmetics, pharmaceuticals, media and Islamic financial services. Global Muslim consumers spent US $2.2 trillion in 2018, mostly in the food, pharmaceutical and lifestyle sectors. The number is expected to reach $3.2 trillion by 2024, while Islamic financial assets are forecasted to reach $2.5 trillion in 2018.
As a way of responding the current developments in global halal industry, the Government of Indonesia will hold an Indonesia-Middle East and Islamic countries Summit on Halal Industries 2020 in Jakarta, on November, 2020 with the theme “Promoting Halal Industries for Global Prosperity”. The summit will host head of states/governments, and related ministries, institutions, as well as stakeholders in charge of halal industry in their respective countries from the global halal value chains around the world.
The summit will become a platform for governments and stakeholders in the global halal industry to discuss opportunities and challenges in today’s halal industry and how to better formulate global policy recommendations to strengthen halal industry. The summit will also enable business match-making and future cooperation between business sectors.
FORMAT OF THE SUMMIT
The President of Republic of Indonesia is expected to deliver remarks on the opening of the summit. The summit will be attended by 20 Middle-East and North Africa (MENA) countries, 37 OIC or Islamic Countries beyond MENA, and 20 potential partners or approximately 78 delegates.
The parallel sessions in the summit will be arranged as follows:
Session I: Strengthening Global Value Chain of Halal Industries
Session II: Strengthening the Islamic Finance Industry in Support of Halal Industries
Session III: Capacity Building and Development of Halal Industries related Small-and-Medium- Enterprises (SMEs)
Session IV: Digital Economy for Halal Industries
TIME AND VENUE
Time:28-31 October 2020 (the exhibition, business-matchmaking, halal industries and businesss network); 1-2 November 2020 (the summit)
Venue: Jakarta Convention Centre (JCC), Jakarta, Indonesia
For further details please contact:
Desthy Umayah Adriani/ Nurul Rizki
Directorate of Middle East Affairs, MoFA RI
Email:desthy.adriani@kemlu.go.id / timteng@kemlu.go.id
Ph: +62 812 2978 7446 / +62 821 1079 2323
