Page 12 - Demo
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                                    10ASIAHALALDIRECTORY2022/2023InthehalalmediasectorMuslimspendonmediaincreasedby72percentin2021fromUS$216billiontoUS$231billionandisexpectedtogrowbyafurther75percentin2022toUS$249billionandreachUS$308billionin2025ata4-yearCAGRof75percentGlobalIslamicEconomyIndicator(GIEI)InthenintheditionofStateoftheGlobalIslamicEconomyReport2022Singaporehasmovedup8positionstorank7thpositionintheGlobalIslamicEconomyIndicator(GIEI)whichmeasureshowleadingnationalecosystemsarebestabletosupportthedevelopmentofIslamiceconomybusinessactivitiesSingaporetheUKandSouthAfricahaveallmadenoteworthyprogressintheoverallGIEIaswellasatasub-indicatorlevelSingaporeisoneofthenewentrantstothetop10countriesintheGIEIoverallrankingThetop4positionsremainunchangedfromlastyear,withMalaysiaretainingthetopspotforthe9thconsecutiveyearMalaysiaisfollowedbySaudiArabiatheUAEandIndonesiaUndertherespectivesectorsoftheIslamiceconomySingaporeranksamongthetop10acrossallsectorsexceptIslamic financeSingaporerankedfirstinpharmaceutical&cosmeticssectorand2ndformedia&recreationPreviouslynotrankedundertop10Singaporehasentered7thpositionforTOP10GlobalIslamicEconomyIndicatorScore1Malaysia2Saudi Arabia3Bahrain4Kuwait5United ArabEmirates6Indonesia7Iran8Oman9Qatar10JordanISLAMICFINANCE1Malaysia2Indonesia3Turkey4Russia5United ArabEmirates6Kazakhstan7Singapore8Saudi Arabia9South Africa10AustraliaHALALFOOD1Malaysia2Singapore3Turkey4Bahrain5United ArabEmirates6Tunisia7Saudi Arabia8Kuwait9Kazakhstan10MoroccoMUSLIM-FRIENDLY TRAVEL1United ArabEmirates2Turkey3Indonesia4China5Spain6Italy7Singapore8France9Malaysia10GermanyMODESTFASHION1Singapore2Malaysia3Netherlands4Belgium5France6Egypt7Turkey8United ArabEmirates9Indonesia10UnitedKingdomPHARMA&COSMETICS1Malaysia2Singapore3United ArabEmirates4China5Turkey6UnitedKingdom7Netherlands8Belgium9Germany10UnitedStatesMEDIA&RECREATION
                                
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