{"id":77299,"date":"2023-05-09T04:53:44","date_gmt":"2023-05-09T04:53:44","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/05\/09\/bahrains-green-corp-acquires-an-undisclosed-stake-in-uaes-badia-farms\/"},"modified":"2023-05-09T04:53:44","modified_gmt":"2023-05-09T04:53:44","slug":"bahrains-green-corp-acquires-an-undisclosed-stake-in-uaes-badia-farms","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/05\/09\/bahrains-green-corp-acquires-an-undisclosed-stake-in-uaes-badia-farms\/","title":{"rendered":"Bahrain\u2019s Green Corp acquires an undisclosed stake in UAE\u2019s Badia Farms"},"content":{"rendered":"

<\/a> Bahrain-based agribusiness platform Green Corp has acquired an undisclosed <\/strong>stake in the UAE\u2019s first urban vertical farming company <\/strong>Badia Farms<\/a><\/strong>, according to a statement<\/a> by Green Corps\u2019 mother company Gulf Islamic Investments<\/a> (GII). The merger aims to grow Badia Farms\u2019 sustainable food production projects across the Gulf region. The UAE currently imports more than 80% of its food requirements, the majority of which are vegetables, according to the Badia Farms website<\/a>.<\/p>\n

About Green Corp:<\/strong> The Green Corp platform was launched last month by Gulf Ventures Capital \u2014 a Bahrain-based subsidiary of GII \u2014 to initiate and develop sustainable agricultural, aquaculture, food processing, and production projects across the GCC countries, Trade Arabia<\/a> reported at the time. Green Corp also aims to strengthen domestic and regional food distribution channels. GII currently has USD 3 bn in assets under management.<\/p>\n

About Badia Farms: <\/strong>Badia Farms grows gourmet produce \u2014 mostly microgreens and herbs \u2014 in indoor vertical farms in Dubai, and sources it to the UAE\u2019s top restaurants and hotels, according to their website<\/a>. Their method uses 90% less water and is more energy efficient than open field growing.<\/p>\n

Regional interest in vertical farming is growing:<\/strong> The Abu Dhabi Developmental Holding Company (ADQ) launched a vertical farming project<\/a> in collaboration with Italy\u2019s Zero Farms in ADQ\u2019s AgTech Park last month. Once fully completed, the 40k sqm farm is expected to produce roughly 6% of the country\u2019s consumption. In February, KSA\u2019s sovereign wealth fund and US-based AeroFarms signed a joint venture<\/a> to build and operate indoor vertical farms in Saudi Arabia and MENA.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bahrain-based agribusiness platform Green Corp has acquired an undisclosed stake in the UAE\u2019s first urban vertical farming company Badia Farms, according to a statement by Green Corps\u2019 mother company Gulf Islamic Investments (GII). The merger aims to grow Badia Farms\u2019 sustainable food production projects across the Gulf region. The UAE currently imports more than 80% […]<\/p>\n","protected":false},"author":1,"featured_media":77300,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2016],"tags":[707,82,11,79,52,263],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-77299","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-agriculture","tag-bahrain","tag-enterpriseclimate","tag-ma-watch","tag-uae","tag-vertical-farming","wpautop","entry"],"acf":{"mongo_id":"5f5e5cf5-9ff1-4d99-9190-cd1f308cb2ba","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/5\/1843.jpg","photo_position":"above","related_issue":[77295],"teaser":"","voice_url":""},"yoast_head":"\nBahrain\u2019s Green Corp acquires an undisclosed stake in UAE\u2019s Badia Farms - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/09\/bahrains-green-corp-acquires-an-undisclosed-stake-in-uaes-badia-farms\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bahrain\u2019s Green Corp acquires an undisclosed stake in UAE\u2019s Badia Farms\" \/>\n<meta property=\"og:description\" content=\"Bahrain-based agribusiness platform Green Corp has acquired an undisclosed stake in the UAE\u2019s first urban vertical farming company Badia Farms, according to a statement by Green Corps\u2019 mother company Gulf Islamic Investments (GII). 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