FINANCIAL NEWS

Oman aims to develop halal food industry

23 Mar 2017

(MENAFN) Oman has many advantages in tapping the growing market for Islamic or Sharia-compliant products and services across the world.

Accordingly, Islamic food or halal industry is at USD2tr worth a year if Oman can get 5 percent of the total halal food industry, it will be enormous.

Additionally, the Sultanate has several advantages in attracting investment in Sharia-compliant industries, which involve state-of-the-art infrastructure and incentives for investors.

Recently, the move of the Capital Market Authority to grant basic approval for OMR300mn of sukuk will help offer finance for Sharia-compliant projects.

MENAFN2303201700450000ID1095337136

MENAFN2303201700450000ID1095337136

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