Halal Products Development Company

Overview

Halal Products Development Company (HPDC) is a wholly owned subsidiary of Saudi Arabia's Public Investment Fund (PIF), established in 2021 to enhance the capabilities within Saudi Arabia's halal sectors and the global halal ecosystem. HPDC aims to localize knowledge, technology, and innovation for the development of halal products, including foods, cosmetics, and pharmaceuticals. The company also promotes investment and economic opportunities for the industry by introducing various services, including specialized advisory, and enables PIF and its portfolio companies to access a variety of collaboration and investment opportunities across global halal markets. HPDC strives to establish a vibrant, dynamic halal ecosystem in Saudi Arabia, helping to localize the halal industry, increase halal exports, foster innovation, and facilitate economic growth and diversification in line with the objectives of Saudi Vision 2030. As an important and active enabler of the global halal industry, HPDC aims to create value for its partners based on quality, consideration, and honesty values, promoting the holistic benefits of a halal lifestyle and positioning Saudi Arabia as the global halal hub through its operations. HPDC has engaged in strategic partnerships to advance its mission, including a collaboration with Eat Just Inc. to support its entry into the halal market and a partnership with Al Watania Poultry to boost their presence in the Middle East. Additionally, HPDC and BRF have announced the creation of an innovation center at their processed food plant in Jeddah, reflecting their commitment to investing in the Kingdom's local halal food supply and innovation, aligned with Vision 2030 goals.

Investment Focus

• Halal certification
• Alignment with Saudi Vision 2030 objectives
• Focus on food, pharmaceuticals, or cosmetics sectors
• Commitment to innovation and quality standards

Portfolio Companies