World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search

 

Elite Partners and SMCCI to Develop Advanced Halal Hub

Elite Partners Capital ("Elite Partners") and the Singapore Malay Chamber of Commerce and Industry ("SMCCI") have announced a strategic partnership to develop a 600,000 sq ft Halal Hub in Singapore's Western region that will be the most advanced of its kind in Southeast Asia.

The dedicated Halal Hub will house halal food processing units, central kitchens, cold-rooms, a Halal Excellence Centre and logistics operations in a multi-storey state-of-the-art complex.

The Agreement is conditional upon Elite Partners and SMCCI fulfilling the condition precedents from Jurong Town Corporation to develop the site.

The entire project is estimated to cost between $80 - $100 million, and construction will take approximately 2 years to complete.

SMCCI is a non-profit organization that supports the interests of the Malay/Muslim business community in Singapore. The partnership will leverage SMCCI's position as a touchpoint between the local and international business communities to enable Singaporean companies to scale, expand and globalize their halal operations.

Elite Partners will be responsible for conceptualisation, funding and asset management of the hub, which will offer its tenants opportunities for digitalization, partnerships and branding initiatives. The Hub will leverage on Elite Partners' management team, who have decades of experience in private equity, asset management and investments.

The two partners intend for the Hub to serve the blue ocean market in the Asia Pacific region where there is a significant demand for halal food. With its strong legal framework, quality control and logistical and services infrastructure, Singapore is well-equipped to become ASEAN's halal hub. Beyond logistics and connectivity to international markets, tenants will also have access to a wide range of legal, administrative and IT related functions.



Mr. Zainul Abidin Rasheed (Singapore ambassador to the State of Kuwait and Special Envoy of the Minister for Foreign Affairs to the Middle East), an advisor on the project, said: "Singapore has been looking to develop an integrated Halal business platform in the last few years. This proposed Halal Hub is a step in the right direction and will greatly contribute to the speed and efficiency of halal-related business processes."

Mr. Shamir Rahim, President of SMCCI, said: "We are pleased to be a part of this initiative to develop Singapore into a global Halal hub. We believe that the Hub will be at the forefront of innovation in the Halal industry and can offer businesses a huge leg up in terms of procurement, production, distribution and international expansion."

Mr. Victor Song, CEO and Managing Director of Elite Partners, said: "The Hub will complement the Halal industry while enhancing business processes through the integration of Halal-related services in one ecosystem."

© Scoop Media

 
 
 
World Headlines

 

Gordon Campbell: On Collective Punishment In Venezuela

Yemen, Venezuela, Iran, Gaza… beyond the particulars of their suffering, each of these countries currently share one thing in common: their ordinary citizens are being subjected to collective punishment, in order to bring about regime change. More>>

Widely Ignored Report: 40,000 Dead Venezuelans Under US Sanctions

A new report on April 25 by a respected think tank has estimated that US sanctions imposed on Venezuela in August 2017 have caused around 40,000 deaths... Additional sanctions imposed in January 2019 are likely to lead to tens of thousands of further deaths. More>>

ALSO:

Gordon Campbell: On The Left-Wing Victory In Spain

Portugal and Spain continue to be striking exceptions to the rise of rightwing populism in Europe, a fact that’s commonly explained by the relatively recent experience both countries have had of living under fascist regimes. (Franco in Spain, and Salazar in Portugal.)

That horrific past still seems very much alive in the minds of voters... More>>

Easter Bombings Kill Hundreds: UN, World Leaders Condemn Sri Lanka Attacks

More than 200 have been killed and hundreds injured by a series of explosions inside churches and hotels in Sri Lanka, as Christians gathered for services to celebrate Easter.. More>>

ALSO:

 
 
 
 
 
 
  • Pacific.Scoop
  • Cafe Pacific
  • PMC