Arab investor calls for more investments in Halal market

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Dubai

A leading Arab investor and contractor has called for more investments in Halal tourism, trade, industry and food in the world amid economic reports confirming that Halal world market is greatly growing. In a statement commenting on the world largest annual food and hospitality exhibition, Gulfood and its Halal platform being held in Dubai, Moataz Al-Khayyat, CEO of UrbaCon, has said that “Halal market is growing quickly and the demand for Halal products is hugely increasing so investors need to fulfill the needs of the market by expanding their investments.”
“Economic reports show that the spend on Halal food and beverages expected to reach $1.9 trillion by 2021, while the spend on Halal travel is expected to reach $243 billion by 2021. This is why Halal market needs more investments,” added Al Khayyat.
UrbaCon Trading & Contracting has built many family-friendly hotels in the region. UrbaCon also involved in several huge projects over the last few years and has become one of the most respected building contractors in Qatar. In addition to the Mall of Qatar, included among its projects are the Banana Island Resort, the Sheraton Doha Hotel and Convention Center, and the Lekhwiya Stadium at Al Duhail. UrbaCon is one of several companies owned by Mr. Al-Khayat. These companies include general contracting, commercial and residential developments, building materials, various trading companies, hospitals and restaurants with operations in the Middle East.—Agencies