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Hydroponic vegetable production, packaging and marketing project

Hydroponic vegetable production, packaging and marketing project

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The company, which is currently under establishment, aims to produce vegetables (tomatoes, peppers, cucumbers, lettuce and strawberries) outside their season using hydroponic technology (growing without soil) to high quality, local and international standards and with high production rates. It also aims to contribute to the provision of vegetables and fruits in the GCC region and the achievement of integrated agricultural development through the use of modern technologies.

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Kingdom of Saudi Arabia

Contact address
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Designed capacity

Annual production capacity is about 4.15 thousand tons of vegetables and fruit

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Capital and shareholders

Capital is USD 12 million and shareholders are:

  • – AAAID: 45%
  • – Shihana Al-Khair Agricultural Investment Company: 55%
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Average sales

The expected sales in the year of stability are 35.34 million Saudi riyals

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Market share

The estimated market share is 3% from the total domestic production.

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Company products

Vegetables and fruits (tomatoes, peppers, cucumbers, lettuce and strawberries)

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Investment cost

The total investment cost of the project is estimated at USD 21.15 million. The project is financed by approximately 57% equity and 43% loans.

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Financial indicators

  • – Internal rate of return (IRR): 21%
  • – Net present value (NPV) (million USD): 10.4
  • – Recovery period: 5 years