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This statistic shows the market value of halaal cosmetics worldwide in 2015 and 2022. According to the report, halaal cosmetics had a global market value of approximately 20 billion U.S. dollars in 2015 and are expected to reach 54 billion U.S. dollars in 2022. This statistic shows the market value of halaal food worldwide in 2017 and provides a forecast for 2018 to 2023. According to the report, halaal foods had a global market value of approximately 1.4 trillion U.S. dollars in 2017 and are expected to reach 2.6 trillion U.S. dollars in 2023.
KWAZULU-NATAL EXPLORES BUSINESS OPPORTUNITIES WITH GEORGIA
FACT
Trade & Investment KwaZulu-Natal, in collaboration with the Southern Africa Georgia Chamber of Commerce (SAGCC), and with the support of the Embassy of Georgia in South Africa, hosted a business seminar focusing on the lucrative and exclusive trade and investment with the country of Georgia.
The bi-lateral business seminar was attended by South African businesses with an interest in trade with Georgia, and provided an opportunity to obtain first-hand information about trade and investment possibilities. Presentations were made by Georgia state representatives, and delegates were able to network with other South African entrepreneurs who have already undertaken successful business in Georgia.
Presentations were also made by Thokozani Chili, Trade & Investment KwaZulu-Natal’s Project Manager for Investment Promotion, who provided an overview of investment
opportunities in KwaZulu-Natal, and Marius Heyns, the Chairperson of the SAGCC, who emphasised the significant opportunities for business between South Africa and Georgia. Participants also had the opportunity to taste unique wines from Georgia.
Located at the crossroads of Western Asia and Eastern Europe, between Black Sea and Caspian Sea regions, Georgia covers a territory of 69,700 square kilometres, and has an estimated population size of approximately 3.7 million. The strategically situated country has a unique and ancient cultural heritage, and is famed for its traditions of hospitality and cuisine, particularly renowned for its wine. Georgia has become an attractive destination for international businesses eager to establish themselves in the new markets of Europe and Asia.
Georgia has positioned itself as a regional hub and has concluded a number of free
trade agreements with larger markets (including the European Union, Turkey, etc.). The country has a diversified economy, strengthened by efficient and corruption-free state institutions and a wide array of investment opportunities in tourism, agriculture, energy, manufacturing and financial services, amongst other economic sectors. In terms of the GDP contribution, the construction sector is the leading sector in Georgia.
Georgia by night. The country is a popular tourist destination.
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