August 15, 2008
The Philippine Department of Agriculture (DA) is seeking foreign investments for a halal food industry economic hub in Mindanao which includes a PHP840-million project for a model poultry farm.
The model farm includes research laboratories, abattoirs and other modern facilities.
The proposed projects in the south of the Philippines would help transform Mindanao into one of five "super regions" in the country.
Assistant agriculture secretary Clayton Olalia said the proposed Halal Economic Zone, which will cost at least PHP2.2 billion to establish.
The DA is offering the halal industry investment portfolio to interested investors in the Middle East, Europe, Asia-Pacific and the USA.
"Filipino business groups, too, may consider other investment opportunities such as the production of halal animal feed, establishment of livestock and poultry halal farms, abattoir or slaughterhouse, processing, halal restaurants and food establishments and halal food laboratory testing facilities," Olalia said.
The Philippines could easily earn at least $5 billion a year by tapping just one percent of the lucrative halal market, Olalia added.