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FINANCIAL NEWS
Abu Dhabi aids farmers with USD30k
10 May 2011
(MENAFN) Abu Dhabi Food Control Authority’s (ADFCA) head of communication and community service, Mohamed Jalal Al-Reyaysa, said that the authority decided on giving grants to farmers at a maximum of USD30,000 annually in order to push them away from water-intensive cultivation, reported Arab News.
Al-Reyaysa said that the grants aim at elevating agricultural practices in the emirate; which would subsequently lead to less water consumption, better profits and better environmental conditions.
The grant program was approved after the authority’s statistics showed around 550 liters of water being consumed by every individual in Abu Dhabi on a daily basis, which is almost triple the world’s average.
It is worth noting that ADFCA had also invested in desalination that produces 9 million cubic meters of water daily at USD18 million a day.
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BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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