Islamic Banks and Investors Express Interest to Invest in Halal Food Production in the Philippines

Islamic banks and investors have expressed interest to invest in Halal food production in the Philippines once the Philippine Economic Zone Authority (PEZA) establishes specialised economic zones, according to PEZA Director General, Charito B. Plaza.

Speaking at a recent signing of a Memorandum of Understanding with Southern Philippines Development Authority (SPDA), Plaza revealed that several investor groups had expressed interest in the Halal sector and had requested the prioritization of Halal hubs and production zones, particularly in Mindanao, which has the greatest number of Muslims located in the Philippines.

PEZA’s partnership with SPDA, which involves the establishme...