The Philippine government is eyeing opportunities in the halal market, a growing billion-dollar global industry.
Through the cooperation of the Department of Trade and Industry, Mindanao Development Authority (MinDA), National Commission for Muslim Filipinos (NCMF) and the Department of Agriculture, the country is building a roadmap for its halal industry.
This move aims to attract foreign direct investments from halal markets such as Qatar.
“Halal is a very interesting market… in the case of Malaysia and Indonesia, they are already making billions of dollars from the industry. As their ASEAN (Association of Southeast Asian Nations) neighbor, the Philippines should also benefit from this,” said Farhan al-Sayed, a businessman from Qatar.
He noted that Mindanao, a southern island in the Philippines, has a huge, untapped potential to be the next big thing in the halal industry.
“I think Mindanao would be the ideal location to setup these businesses and this is going to help the growth of the region, which is eight times larger than Qatar and it’s going to settle and bring up not just businesses but also peace and order in the area,” al-Sayed said.
During the Philippine Investments Conference held in Doha, Qatar, Mindanao Development Authority chief of staff Abdul Alonto underlined the capability of Mindanao to export processed halal meat.
Brunei has also expressed its commitment to help develop Mindanao’s halal industry in the areas of certification and capacity building.