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Satyendra Pathak
Doha
In a major step towards making Qatar self-reliant in food production, United Development Company (UDC) is all set to enter the country’s agriculture sector soon.
In a bid to diversify its business from the realty sector, the master developer of Qatar’s iconic man-made island The Pearl Qatar is also planning to enter the industrial sector.
“We have big plans to diversify our business away for the realty projects. Soon we will enter the country’s agriculture sector by developing new high-tech farms in the country to produce various kinds of vegetables and fruits,” UDC Chairman Turki bin Mohammed al Khater told Qatar Tribune.
UDC has entered into talks with some top global firms to bring high-tech farming technology to Qatar, he said adding the selection of international partners in this connection would be announced soon.
“Our focus will be on adopting latest technology and methods to produce huge volume of vegetables and fruits in the country,” he said.
Setting up industries especially in the food sector, he said, are also in the pipeline.
“We will announce all these projects once all the formalities are complete most probably by the end of this year,” Khater said.
UDC’s current portfolio includes real estate development, property management, infrastructure and utilities, energy-intensive industries, hydrocarbon downstream manufacturing, maritime related businesses, and
hospitality.
UDC’s move to diversify into food sector goes in line with Qatar’s aim to increase agricultural products such as vegetables, red meats, poultry, eggs and fish.
According to reports, percentage of self-sufficiency of fresh vegetables in the country has reached 22 percent. With plans afoot to increase production of vegetables in protected facilities, the country expects vegetable self-sufficiency to reach 55 percent within three years.
UDC entering into the country’s agriculture sector would give further boost to achieve full self-sufficiency in this important segment.
While Khater did not disclose the volume of investment UDC would made in the new ventures, he did indicate that the company would look for opportunities in all segments of the country’s food sector.
Qatar ranked first in the Arab World and 22nd in the World Food Security Index for 2018, which included 113 countries.
Doha
In a major step towards making Qatar self-reliant in food production, United Development Company (UDC) is all set to enter the country’s agriculture sector soon.
In a bid to diversify its business from the realty sector, the master developer of Qatar’s iconic man-made island The Pearl Qatar is also planning to enter the industrial sector.
“We have big plans to diversify our business away for the realty projects. Soon we will enter the country’s agriculture sector by developing new high-tech farms in the country to produce various kinds of vegetables and fruits,” UDC Chairman Turki bin Mohammed al Khater told Qatar Tribune.
UDC has entered into talks with some top global firms to bring high-tech farming technology to Qatar, he said adding the selection of international partners in this connection would be announced soon.
“Our focus will be on adopting latest technology and methods to produce huge volume of vegetables and fruits in the country,” he said.
Setting up industries especially in the food sector, he said, are also in the pipeline.
“We will announce all these projects once all the formalities are complete most probably by the end of this year,” Khater said.
UDC’s current portfolio includes real estate development, property management, infrastructure and utilities, energy-intensive industries, hydrocarbon downstream manufacturing, maritime related businesses, and
hospitality.
UDC’s move to diversify into food sector goes in line with Qatar’s aim to increase agricultural products such as vegetables, red meats, poultry, eggs and fish.
According to reports, percentage of self-sufficiency of fresh vegetables in the country has reached 22 percent. With plans afoot to increase production of vegetables in protected facilities, the country expects vegetable self-sufficiency to reach 55 percent within three years.
UDC entering into the country’s agriculture sector would give further boost to achieve full self-sufficiency in this important segment.
While Khater did not disclose the volume of investment UDC would made in the new ventures, he did indicate that the company would look for opportunities in all segments of the country’s food sector.
Qatar ranked first in the Arab World and 22nd in the World Food Security Index for 2018, which included 113 countries.
