Food self-sufficiency fund launched in Bahrain

IN A SIGNIFICANT initiative intended to promote Bahrain's food security needs, the Ministry of Finance (acting through the Future Generation Reserve) and the National Bank of Bahrain (NBB) have agreed to set up the BD100m 'Gedha' Fund, with the objective of developing food self-sufficiency by investing in viable projects and technologies in agriculture, dairy farming, fisheries, and livestock and poultry processing.

According to the MOU, signed by Mr Abdul Razak A. Hassan Al Qassim, CEO and director of NBB, and Mr Mohammed M. Al Sulaity, CEO, Future Generation Reserve, the Gedha Fund will focus on medium to long-term investment in projects within and outside Bahrain, including the entire food production value chain such as production, storage, processing, logistics and distribution.