Abu Dhabi approves $142m farming projects as part of agricultural investment push

  • Date: 15-Dec-2020
  • Source: Arabian Business
  • Sector:Agriculture
  • Country:UAE
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Abu Dhabi approves $142m farming projects as part of agricultural investment push

The Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) has approved five investment projects worth AED524 million ($142.6 million) to establish fish, vegetable, fruit, cattle and poultry farms.

The projects will be built on a total land and sea area of approximately four million sq m and will be developed by private sector companies as part of ADAFSA's efforts to increase farming projects and achieve sustainable agricultural development in Abu Dhabi.

ADAFSA said it has signed two Musataha contracts with Aqua Fishers Company and Mirak Agricultural Services Company.

The head of Abu Dhabi Investment Office says there are massive opportunities in agriculture technology in the UAE

Aqua Fishers Company will establish a fish farm to produce 5,000 tons of seabream, seabass, hamour, red snapper and shrimp at a total cost of AED110 million.

Fishponds will be built at sea while administrative offices, fish handling and packaging facilities and laboratories will be established on Delma Island.

The second Musataha agreement signed with Mirak Agricultural Services Company is to establish a farm to produce vegetables and fruit using advanced technology for growing plants in controlled environments, including hydroponics at a total cost of AED140 million.

Another three projects were awarded to Alfafa Company, Al Nahdha Farm and Emirates National