GALLANT VENTURE
I
PROFILE
W Indonesia has taken firm strides to seize the opportunity to tap into the multitrillion-dollar global halal market by allocating four designated industrial zones to develop goods for the Muslim market. One of these – the Gallant Venture-owned Bintan Industrial Estate – is quickly proving to be one of the nation’s first halal food hubs. Andy Probert takes a closer look. 90
Inside Industry
ith a population of 260 million people, of which 90% are Muslim, it is surprising that up until 2018, Indonesia did not have any dedicated halal industrial parks to speak of. Even more so, given that Indonesia is the world’s top consumer of halal food. Predictions suggest the global halal food industry is estimated at $2.5 trillion, and with the world’s Muslim population set to reach 2.2 billion by 2030 – effectively more than a quarter of the world population – Indonesia resolved to transition from being a mere consumer of halal products to being a primary driver of the Islamic economy. In a bid to bridge the gap between demand and fulfilment of halal products, Indonesia’s government resolved to identify four pilot
