Monday, 06 December 2021 09:45 GMT

AgroQatar and Gulf Petroleum sign agreement

(MENAFN- The Peninsula) The Peninsula

The alliance of Spanish agribusiness companies AgroQatar has signed a Memorandum of Understanding with Gulf Petroleum Limited for the development of a system of high-tech greenhouse production of fresh fruit and vegetables.

The aim of the MoU is to improve the self-sufficiency of Qatar in fresh food supply, according to the directives of the Emir H H Sheikh Tamim bin Hamad Al Thani.

Gulf Petroleum has recently been awarded by the Qatari government the right to develop 100 hectares of greenhouse facilities, in the framework of the tender launched by the 'Technical Committee for the Promotion of Private Sector Engagement in Economic Development Projects, in coordination with the Ministry of Municipality and Environment.

With this MoU, Gulf Petroleum will be able to supply the Qatari market with high quality fresh vegetables and fruits at competitive prices all year round. The production will be carried out by maintaining the principles of rational use of natural resources, responsible management of water resources, and overall environmental sustainability.

The objective is trifold: to contribute to the growth of the agricultural economy in the State of Qatar and guaranteeing its self-sufficiency, to increase the participation of the non-hydrocarbon sector in the national economy and, finally, to develop the private sector.

AgroQatar was created specifically to facilitate the development of agribusiness adapted to the climatic conditions of Qatar. It's the result of a joint effort of world's leading agribusiness companies, covering the entire agricultural business process, from production to distribution.

The companies comprising this Alliance have been selected because of their excellence, experience and capacity, with more than 60 years' experience supplying state-of-the-art applied technology for high-performance agriculture worldwide.

The Spanish solution is the most advanced, efficient and adapted integrated system able to produce throughout the year a variety of crops with the highest quality and in the most sustainable and cost-efficient way in Qatar.

The turnover of the group exceeds $1bn and its companies are collaborating in the 5 continents with more than 150 countries.

With this MoU, AgroQatar commits to providing to Gulf Petroleum with the possibility of designing and implementing the entire process, including planning, financing, design, manufacturing, construction, project management, technical assistance, training, supplies and maintenance, operation of the facilities, distribution and marketing of the product.

The signing of the MoU by Abdul Aziz Hamad Al Dulaimi (President of Gulf Petroleum) and Juan Carlos Santiago (GM and COO of AgroQatar) took place in the presence of Ignacio Escobar, Ambassador of Spain to Qatar. AgroQatar enjoys the support of the Spanish the Spanish Export Promotion Authority (ICEX), including the possibility to finance its projects in Qatar.


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.