An Equity Raise of c. $15-20m for a Food Security Project to Build an On-Land Fish Farm in the GCC

Verdi Global is proud to announce the initiation of an equity raise of approximately $15-20 million for a groundbreaking food security project in the GCC (Gulf Cooperation Council) region. This project will focus on building an on-land fish farm, a pioneering effort that not only promises to contribute to the region’s food security but also offers significant economic and environmental benefits. The project aims to expand into a much larger operation once the initial trial facility is financed, positioning the venture as a key player in the sustainable food production sector.

Project Overview

The initiative focuses on addressing the growing demand for sustainable, locally sourced food in the GCC, where the need for food security is becoming increasingly critical. By establishing a high-tech, on-land fish farm, the project will reduce the region’s reliance on imported seafood and ensure a consistent and reliable supply of fish. The facility will use cutting-edge aquaculture technology to ensure efficiency, sustainability, and environmental responsibility.

Impact on the Region

1. Addressing Food Security Challenges

The GCC countries, particularly the UAE and Saudi Arabia, face significant challenges in terms of food security. A large percentage of the region’s food is imported, which makes it vulnerable to supply chain disruptions, geopolitical tensions, and environmental factors. By establishing a local fish farming industry, the project aims to reduce this dependency, providing a sustainable and reliable source of protein for local populations.

2. Economic Growth and Job Creation

This $15-20 million equity raise will not only finance the construction of the initial fish farm facility but will also create significant economic opportunities. The project will generate employment, from the construction phase to the ongoing operations of the farm. Furthermore, it will foster the development of a local aquaculture industry, creating new supply chains, businesses, and services that support the farm’s operation.

• Job Creation: The project will create numerous jobs in the farming, logistics, and operational sectors, providing valuable employment opportunities in the region.

• Economic Diversification: As the GCC diversifies its economy away from oil dependency, this project represents a significant step toward fostering innovation and expanding the region’s agricultural capabilities.

3. Environmental Sustainability

The on-land fish farming technology being implemented focuses on sustainable practices that minimize environmental impact. By using advanced water management systems, such as recirculating aquaculture systems (RAS), the farm will significantly reduce water usage compared to traditional fishing methods and offshore aquaculture practices. Additionally, it will help maintain marine biodiversity by alleviating pressure on wild fish populations.

Expansion Plans and Future Prospects

The initial facility, funded by the $15-20 million raise, will serve as a trial operation. Once proven successful, the project aims to expand significantly, with future raises planned to scale up the operation to meet the growing demand for locally produced seafood. The potential for growth is substantial:

• Regional Expansion: Following the success of the initial facility, the project plans to expand to other GCC countries, further reducing dependence on imported fish and creating a regional network of sustainable fish farms.

• Global Market Reach: As the model proves successful, the technology and expertise developed can be exported globally, offering new opportunities in other parts of the world where food security and sustainable aquaculture are of increasing concern.

Verdi Global’s involvement in this innovative food security project reflects our commitment to driving impactful change in the region. By facilitating the equity raise of $15-20 million, we are contributing to a future where the GCC can achieve greater food security through sustainable and localized food production. This project promises not only to revolutionize the seafood industry but also to create lasting economic, environmental, and social benefits for the region.

The success of this initial phase will serve as a catalyst for larger-scale efforts, ultimately reshaping the food landscape in the GCC and setting a precedent for sustainable agricultural practices globally. For those interested in learning more about this transformative project or participating in the equity raise, Verdi Global is here to guide you through the investment opportunities ahead.