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
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."