16 June 2007
With the global halal food market now worth an estimated $2.1 trillion a year, based on estimates by the Malaysian Government, Al Islami Foods yesterday rolled out an aggressive expansion plan into Iran's $600 million processed food market, at the 14th Iran Agro Exhibition 2007 in Tehran. Al Islami has already set up a 2,141-square-metre food-processing unit in Iran's Kish Island with an initial production capacity of 50 tonnes per month, likely to be increased to 150 tonnes imminently.
Al Islami is currently negotiating with potential partners to choose as exclusive distributors in Iran to carry out distribution, logistics and transport of Al Islami range of products to mainland Iran to capitalise on a processed-food market showing a 16 per cent growth rate per annum. "An overwhelming response from Iran's business community and entrepreneurs has tremendously encouraged us to enter Iran markets which is part of company's five-year expansion plan. At this juncture, our top-most priority is to provide genuine and authentic halal food which is healthy and nutritious at the same time," said Saleh Abdullah Lootah, Al Islami chief executive officer.
With the global halal food market now worth an estimated $2.1 trillion a year, based on estimates by the Malaysian Government, Al Islami Foods yesterday rolled out an aggressive expansion plan into Iran's $600 million processed food market, at the 14th Iran Agro Exhibition 2007 in Tehran. Al Islami has already set up a 2,141-square-metre food-processing unit in Iran's Kish Island with an initial production capacity of 50 tonnes per month, likely to be increased to 150 tonnes imminently.
Al Islami is currently negotiating with potential partners to choose as exclusive distributors in Iran to carry out distribution, logistics and transport of Al Islami range of products to mainland Iran to capitalise on a processed-food market showing a 16 per cent growth rate per annum. "An overwhelming response from Iran's business community and entrepreneurs has tremendously encouraged us to enter Iran markets which is part of company's five-year expansion plan. At this juncture, our top-most priority is to provide genuine and authentic halal food which is healthy and nutritious at the same time," said Saleh Abdullah Lootah, Al Islami chief executive officer.
© Bahrain Tribune 2007
