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Abu Dhabi agritech firm Silal to invest $54.5mln to upgrade 80 farms

November 24, 2021
finance & economy

ADQ-owned company to provide greenhouse facilities, smart irrigation systems

Abu Dhabi’s agritech company Silal, which is part of ADQ holding firm, will invest 200 million dirhams ($54.5 million) to boost production levels and ensure better quality produce at local farms in the emirate.

With the investment, Silal will provide 80 select farms with greenhouse or nethouse facilities, fitted with smart irrigation and crop monitoring systems, and work with farmers to maximise profitability, the company said on the sidelines of the Abu Dhabi Agriculture and Food Security Week.

“We pledge to contribute to bolstering the UAE’s agricultural sector through adopting the latest sustainable agritech solutions and uplifting local farmers’ capabilities and improving their resources and skills,” said Jamal Salem Al Dhaheri, CEO of Silal.

“This is in line with the seventh principle of the ‘Principles of the 50’, which stresses the importance of digital, technical and scientific excellence in defining the country’s development and consolidating its position as a global hub for talent, companies and investments.”

Silal was established last year by ADQ to diversify sources of food and products in the emirate.

With the new investment, Silal will start upgrading the farms over the course of two years starting in 2021. So far, 40 farmers have been selected and they will form part of the project’s first phase.

There are plans to add more farmers to the programme and increase technology adoption in the agriculture sector in the UAE.

The farms included in the programme will be operated by Silal and the farmers will undergo various trainings on best practices in agriculture. They will also learn how to use technology to increase their production and lower operating costs.

zawya

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