The recent collaboration between Saudi Arabia and Indonesia in the Halal sector and the potential opportunities in Indonesia's electric battery industry and infrastructure development presents a strategic opening for companies seeking to tap into the Indonesian market. With Indonesia aspiring to become a global Halal hub and its substantial Muslim consumer base, businesses can benefit from aligning their products and services with local Halal standards. The expanding Halal market and Saudi Arabia's interest in Indonesia's electric battery industry and capital city development offer diversified investment avenues. Moreover, Indonesia's membership in the RCEP enhances the market's attractiveness, providing companies with access to a substantial share of the global GDP and population. Companies looking to expand into Indonesia should focus on adapting their offerings to meet the Halal requirements, exploring partnerships in the electric battery sector, and leveraging the RCEP membership for broader market integration and growth opportunities.
Source: https://www.aseanbriefing.com/news/saudi-arabia-and-indonesia-collaborate-to-elevate-the-assurance-of-halal-products/
