|By PR Newswire||
|April 24, 2014 12:00 AM EDT||
DUBAI, UAE, April 24, 2014 /PRNewswire/ --
- First Commercial Hydroponic Farm in Saudi Arabia
- 20,000 SQM Facility will use 80% Less Water
- Farm to produce 1400 tonnes per hectare p.a. through Vertical Farming
Pegasus Agri-tech, MENA region's largest commercial operator of hydroponic farming facilities announced its expansion with plans to build the first commercial hydroponic farm in Saudi Arabia. The expert has announced entering the country with 20,000 square meter hydroponic farming facility that will produce 1000 times more produce through vertical farming technique outputting 1400 tonnes of more produce per hectare p.a.
Pegasus Agritech has said, "There is rapid growth in Global Food Market and it is time that nations become self-sufficient in its agriculture production. In Saudi Arabia, arable land is very limited; therefore, it is highly challenging for it to produce adequate food. Saudi Arabia imports 95% of their fresh fruits and vegetables for which the nation is paying massive premiums, as a consequence burdening its economy. For the regions where natural resources are a question in supporting agricultural growth, commercialization of hydroponic farming is the viable answer."
Pegasus Agri-tech is already finalizing negotiations on the land where it plans to produce lettuce, tomatoes, basil, thyme and rocket. In addition to state-of-the-art hydroponic farming facility, the company is committed to bring the produce to its consumers through a solid supply chain, which is still lacking in the country. This will also enable timely distribution of fresh produce ensuring best price for its investors.
"The hydroponic technique is highly sustainable; a onetime infrastructure investment can bring 100 years of returns. The growth of high yield crops means, returns on investments are made quickly. And with 80% less water usage and efficient utilization of land, we can confidently assure that hydroponic farming is a win win situation for all." added Karen Alcantara.
Pegasus Agri-tech has already planned hydroponic projects and farming facilities all over the MENA region, including UAE, Oman, Qatar, Tunisia, Iraq and Afghanistan. Most of these countries suffer from a lack of arable land as well as climate that are unsuitable for the traditional agriculture techniques.
The farms of Pegasus Agri-tech produce high quality crops through its modern hydroponic and water saving techniques, along with European technology and management systems. A further network of 300 acres of hydroponic greenhouses is also planned in MENA region, thus becoming the biggest hydroponic farming operator in the region.
About Pegasus Agri-tech:
Pegasus Agri-tech is one of the largest owner's and operator's of hydroponic farming facilities in the Middle East and Northern Africa (MENA).
Pegasus Agri-tech continues to lead the countries of the Gulf Cooperation Council (GCC) in technologically advanced farming techniques and clean and ethical farming practices that produce fresh, healthy fruits and vegetables. This produce is among the best available anywhere in the world but it is grown in the MENA region with an aim of helping these countries attain future food security.
In 2012, GCC food imports stood at 26.6 Billion USD. Currently, nearly 98% of the food in the GCC is imported. Pegasus Agri-tech intends to change this. By 2025, we are looking to be able to provide at least 25% of fresh produce to the GCC.
To know more please visit http://www.pegasusagritech.com.
For further information please contact:
Email: [email protected]
SOURCE Pegasus Agritech
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