As early as 2010, there were reports about Kazakhstan's Halal market, with demand for Halal food in Kazakhstan growing fivefold. Between 2005 and 2010, the number of companies producing products that meet 'Halal' standards increased greatly. This is data released by the Kazakhstan Halal Food Industry Association.
Therefore, at that time there were 500 enterprises in the food, services and medical industries in Kazakhstan producing and operating strictly in accordance with Halal regulations. Market observers predicted that this Halal industry would develop more rapidly and create a positive economic resonance in the near future. It is reported that the world's Halal food trading volume reached US$1,000.3 billion.
At that time, Kairat Satybaldy, Secretary-General of Kazakhstan's Nur Otan People's Democratic Party, emphasized: 'The state currently places great importance on the development of the Halal industry. There is a dedicated Halal industry development department in the Ministry of Industry and New Technologies. I believe this department can become a committee, or even a representative office, in the future, gathering all analyses and recommendations on Halal industry development issues.'
Malaysia Invited to Participate in Kazakhstan's Islamic Finance and Halal Food Industries
Malaysia has been invited to participate in various business sectors in Kazakhstan, especially the Halal food industry and Islamic finance.
B. Atamkulov, Kazakhstan's Ambassador to Malaysia, said that these two industries have huge growth potential, as the majority of the national population is Muslim. Atamkulov also said he hopes to see Malaysian products flow directly into Kazakhstan rather than entering through a third party. 'We currently import Malaysian-made products such as rubber, palm oil and furniture from other countries; we want to obtain Malaysian products directly,' he said at a press conference.
Atamkulov also said that many Malaysian companies have begun negotiations to operate in Kazakhstan, especially in the oil and gas and pharmaceutical industries.
FAQ
- What is the development status of Kazakhstan's Halal food industry?
- As early as 2010, there were reports that demand for Halal food in Kazakhstan had grown fivefold, with the number of companies producing Halal-standard products increasing greatly between 2005 and 2010. At that time, 500 enterprises in the food, services and medical industries operated strictly in accordance with Halal regulations. The Kazakhstan state places great importance on Halal industry development, with a dedicated Halal industry development department in the Ministry of Industry and New Technologies.
- Which sectors of Kazakhstan was Malaysia invited to participate in?
- Malaysia was invited to participate in Kazakhstan's Islamic finance and Halal food industries - according to Kazakhstan's Ambassador to Malaysia, these two industries have huge growth potential (the majority of the national population is Muslim). Kazakhstan also hopes Malaysian products (rubber, palm oil, furniture, etc.) will enter directly rather than through third parties; many Malaysian companies have begun negotiations to operate in Kazakhstan, especially in oil and gas and pharmaceuticals.