UAE - Mubasher: The Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) has launched five new agricultural investment projects worth AED 524 million, in cooperation with the Abu Dhabi Investment Office (ADIO).
In partnership with the private sector, the ADAFSA will establish fish, vegetable, fruit, cattle, and poultry farms on a total land and sea area of around four million square metres, using innovative agriculture technology, according to a press release on Tuesday.
Hence, the ADAFSA has inked an AED 110 million contract with Aqua Fishers Company to set up a fish farm and another contract with Mirak Agricultural Services Company for a vegetable and fruit farm valued at AED 140 million.
Meanwhile, Alfafa Company won a contract to establish a farm to grow plants, including hybrid seeds, with a total value of AED 38 million.
As for the establishment of a new farm for breeding calves to market their meat locally, Al Nahdha Farm was awarded an AED 86 million contract by the ADAFSA.
In addition, ADAFSA has granted a contract to Emirates National Poultry Farms for establishing a poultry farm and slaughterhouse in Al Dhafra area at a total cost of AED 150 million.
The Director-General of ADAFSA, Saeed Al Bahri Salem Alameri, said: "Launching more projects in Abu Dhabi’s agriculture sector creates new investment opportunities, promotes sustainable agricultural development and supports the UAE’s efforts to stimulate investment and diversify income sources."
