Abu Dhabi supports hydroponics with up to US$270,000 loans per farmer

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09 Sep 2013

hydroponicsIn collaboration with the Abu Dhabi Farmers' Services Center, the Khalifa Fund for Enterprise Development in Abu Dhabi has launched a program called 'Ziraai' to support citizens working in the agricultural sector by providing training and marketing services, and giving loans of up to US$270,000 interest-free per farmer.

His Excellency Hussein Jassim Al Nowais, Chairman of the Khalifa Fund, elaborated: "This program aims to cultivate growth in the agricultural sector by helping our farmers to improve the marketability, profitability and efficiency of their farms through cutting edge technology; for instance by switching to innovative methods that reduce water consumption." Under the program, farmers will be incentivized to transition from traditional to modern agricultural methods such as adopting a hydroponics system that can reduce water consumption by up to 80%.

IHE Al Nowais said the Khalifa Fund strongly believes in promoting the concept of agricultural entrepreneurs, and the development of the agricultural sector will help to diversify the country's economic income, while safeguarding food security. The program includes a package of marketing facilities to help the farmers sell their produce at the best prices and obtain the most attractive returns through smart partnerships with major retail outlets.