British company to invest US$10m in ‘historic’ agricultural project
“The purpose of the project is to develop controlled environment protected cropping. Temperature controlled greenhouses will be used to grow European variety salad crops and various berries,” the UK-based company Hummingboy Farms said. The goal of the project is “import substitution and additional food security for the Maldives,”
15 Oct 2015, 9:00 AM
Four islands in a southern atoll have been leased to UK-based Hummingboy Farms (HBF) for what the agriculture ministry says will be “the largest agricultural project in Maldivian history.”
A contract was signed with HBF on Monday to lease Dhoonirehaa, Golhaallaa, Hulhuvaarulaa and Menthandhoo – a cluster of uninhabited islands in Gaaf Dhaal atoll – for 21 years.
The company said in a statement that it intends to invest in excess of US$10 million for the project, which represents “the largest single investment in agriculture in the Maldives to date.”
“The purpose of the project is to develop controlled environment protected cropping. Temperature controlled greenhouses will be used to grow European variety salad crops and various berries,” HBF said.
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