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.
Kingdom of Saudi Arabia
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Annual production capacity is about 4.15 thousand tons of vegetables and fruit
Capital is USD 12 million and shareholders are:
The expected sales in the year of stability are 35.34 million Saudi riyals
The estimated market share is 3% from the total domestic production.
Vegetables and fruits (tomatoes, peppers, cucumbers, lettuce and strawberries)
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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