Bahrain True Estate Financial investment Corporation (Edamah), the real estate arm of the Kingdom’s sovereign prosperity fund, Bahrain Mumtalakat Keeping Organization (Mumtalakat), announced a strategic partnership with Badia Farms
Badia Farms is a mission-driven sustainability organization that focuses on the growth and output of distinct varieties of fruits, veggies, and crops. Aspect of the Bahrain-based Eco-friendly Corp foodstuff investment decision administration system backed by Gulf Islamic Financial commitment group (GII), with its US$4.5 billion assets beneath management (AUM), Badia Farms was the 1st commercial superior-tech vertical farm in the Gulf location to deliver fresh fruits & veggies calendar year-spherical. Its goal is to renovate conventional farm developing strategies across the GCC by means of technology, science and innovation.
Badia Farms secured the land for its Agricultural Oasis in Hamala, Bahrain via a aggressive bidding system on the Govt Land Expense System, rising as the successful bidder for the plot. Underneath the agreement, Badia Farms will lease an place of 50,000 sq.m. from Edamah to employ sustainable and urban farming practices, creating a assorted array of contemporary fruit and vegetables.
The challenge will carry out the newest hydroponic farming techniques, whilst recycling water and biodegradable issue for re-use on the job and applying solar panels to build clean, inexperienced ability. Its hydroponic methods in controlled environments (these types of as greenhouses) will ensure year-round crop output, reducing dependence on seasonal versions, maximizing Bahrains foodstuff stability and addressing the problems of confined arable land and h2o scarcity.
The agreement was signed by Chris Calvert and Eng. Omar Al Jundi, the CEOs of Edamah and Badia Farms respectively, in the existence of Her Excellency Noor bint Ali Al Khulaif, Minister for Sustainable Advancement and CEO of the Bahrain Economic Advancement Board (EDB), His Excellency Shaikh Abdulla bin Khalifa Al Khalifa, Chief Govt Officer of Mumtalakat and Chairman of Edamah, Mohammed Alhassan and Pankaj Gupta – Co-Founders and Co-CEOs of Gulf Islamic Investments Team (GII) – and Saleh Abdullah Albelushi, Director of Environmentally friendly Corp.
His Excellency Shaikh Abdulla bin Khalifa Al Khalifa, CEO of Mumtalakat and Chairman of Edamah explained, “This collaboration with Badia Farms marks a transformative phase for Bahrain’s agricultural sector, contributing to the Kingdom’s very long-expression financial expansion. It will lead to Bahrain’s self-sufficiency in food stuff production by utilizing slicing-edge technologies for a greener future, even though creating employment and enterprise alternatives for Bahrainis.
He added, This international direct financial commitment on Edamah‘s land, channeled particularly toward ground breaking agricultural procedures, showcases our assurance in Badia Farms’ tactic and underscores the prospective for additional progress and growth inside the sector.
Eng Omar Al Jundi commented, Our partnership with Edamah allows Badia Farms to deliver pioneering hydroponic farming strategies to Bahrain, redefining sustainable agriculture. Alongside one another, we goal to construct a resilient foods technique, focusing on environmental management and food stuff security.
