Middle East's hydroponics farming major, Pegasus Agritech recently revealed its expansion plans. The company announced its plans to build a 20,000 square meter hydroponic farming facility in the Kingdom of Saudi Arabia in the near future. The facility will be the first of its kind in the country.

1. For Immediate Release
Pegasus Agri-tech opens Saudi Arabia’s First Commercial
Hydroponic Farm
20,000 SQM Facility will use 80% Less Water
Farm to produce 1400 tonnes per hectare p.a. through Vertical Farming
Dubai, UAE: 24th April 2014 – Pegasus Agri-tech, MENA region's largest
commercial operator of hydroponic farming facilities announced its
expansion with plans to build the first commercial hydroponic farm in Saudi
Arabia. The expert has announced entering the country with 20,000 square
meter hydroponic farming facility that will produce 1000 times more
produce through vertical farming technique outputting 1400 tonnes of
more produce per hectare p.a.
Pegasus Agritech has said, "There is rapid growth in Global Food Market
and it is time that nations become self-sufficient in its agriculture
production. In Saudi Arabia, arable land is very limited; therefore, it is
highly challenging for it to produce adequate food. Saudi Arabia imports
95% of their fresh fruits and vegetables for which the nation is paying
massive premiums, as a consequence burdening its economy. For the
regions where natural resources are a question in supporting agricultural
growth, commercialization of hydroponic farming is the viable answer."
Pegasus Agri-tech is already finalizing negotiations on the land where it
plans to produce lettuce, tomatoes, basil, thyme and rocket. In addition to
state-of-the-art hydroponic farming facility, the company is committed to
bring the produce to its consumers through a solid supply chain, which is

2. still lacking in the country. This will also enable timely distribution of fresh
produce ensuring best price for its investors.
"The hydroponic technique is highly sustainable; a onetime infrastructure
investment can bring 100 years of returns. The growth of high yield crops
means, returns on investments are made quickly. And with 80% less water
usage and efficient utilization of land, we can confidently assure that
hydroponic farming is a win win situation for all." added Karen Alcantara.
Pegasus Agri-tech has already planned hydroponic projects and farming
facilities all over the MENA region, including UAE, Oman, Qatar, Tunisia,
Iraq and Afghanistan. Most of these countries suffer from a lack of arable
land as well as climate that are unsuitable for the traditional agriculture
techniques.
The farms of Pegasus Agri-tech produce high quality crops through its
modern hydroponic and water saving techniques, along with European
technology and management systems. A further network of 300 acres of
hydroponic greenhouses is also planned in MENA region, thus becoming
the biggest hydroponic farming operator in the region.
About the company
Pegasus Agri-tech, headquarted in Dubai is the largest owner and operator
of hydroponic farming facilities and food investments in the Middle East
and Northern Africa (MENA). Pegasus Agri-tech continues to lead the
countries of the Gulf Cooperation Council (GCC) in technologically advanced
farming techniques and clean and ethical farming practices that produce
fresh, healthy fruits and vegetables.
For further information please contact:
Karen Al Cantara
Office Manager
Pegasus Agri-tech
Phone: +971-48-188-300

3. -END-