Bahrain-based agribusiness platform Green Corp has acquired a stake in Badia Farms, the GCC’s first vertical farming company supplying gourmet produce to hotels and discerning consumers, to grow its sustainable food production projects across the GCC.
The boost from Green Corp and its ultimate owner, leading Shari’ah-compliant global alternative investment company Gulf Islamic Investments (GII), will enable Badia Farms to expand its advanced production models and pesticide-free farms into Saudi Arabia and Bahrain, enhancing regional food production opportunities significantly.
Established in 2016, Badia Farms’ sustainable farming techniques produce nutritious fruits and vegetables without sunlight or soil. Its energy-efficient methods use up to 90% less water than traditionally-grown crops, with significantly higher yields.
Omar Al Jundi, Badia Farms’ CEO, commented: “Green Corp’s partnership with Badia Farms demonstrates the strength of local backing for home-grown companies to resolve regional and global challenges. This funding provides Badia Farms with powerful means to enhance healthy domestic food production in the GCC. We look forward to providing premium, locally-produced fruits and vegetables using our high-tech farms across Saudi Arabia and Bahrain.”
Saleh AlBelushi, CEO of Green Corp, added: “Badia Farms fits perfectly into Green Corp’s regional development plan for food production and processing. Its fine products will be a success in Saudi Arabia and Bahrain, as they have been in the UAE. Badia Farms also shares our strong focus on sustainability, as we look for opportunities to develop sustainable agricultural, aquaculture, food processing and production projects across the Gulf Co-operation Council (GCC). Green Corp would welcome additional partners to develop these regional food sustainability plans together.”