Riyadh has a new entertainment complex: Snow City. How about a family outing at the ice rink? For a city of four million that sees an average July temperature near 36°C (96°F), the potential is self-evident. The spend is much less than a winter holiday in Les Trois Vallées. This private-sector initiative emphasizes steps to industrial diversification in the Kingdom, but it also points to a growing leisure sector in many emerging markets, not just China or India. For investors, such projects offer enormous cash-flow potential. They may also be less cyclical than expected. Latent consumer demand across the developing world is notoriously difficult to measure. ■
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As a complement to this blog post, we offer suggestions for further reading. Industry practioners and academic experts provide context for our business priorities.
The Qur'an and the Bible is an academic work, primarily aimed at those scholars who pursue critical interpretation of religious texts. While an exegetical study may sound too severe for lay readers, the selection is highly-relevant to those looking to untangle the many strands of monotheism as part of their own journey of faith. One common problem with comparison studies is that they take a Muslim view of the Bible or a Christian view of the Qur'an. This highly-learned, highly-readable material roots its analysis in a cultural and historical perspective, avoiding an overt theological bias that might other derail analysis. Our enthusiasm for the book in part sprouts from the array of insight into these primary religious texts that is drawn from collateral documentation. At about one-thousand pages, this monumental volume is a smorgasboard of insight to be savored over time; it makes a fresh contribution to the essential underpinnings of an interfaith dialogue.
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Halal Food goes well beyond issues associated with ritual slaughter, focusing on ethical and health concerns, among other important points. Many books on this subject are meal-preparation guides. This material is a socio-economic journey across the Muslim world.
We recommend this work because it provides useful insight on why halal products are common in global markets, irrespective of faith affinity. For the businessman, it clarifies why the halal market is so dynamic and why the largest enterprises align with this consumer segment.
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