Qatar Development Bank unveils greenhouse program

As part of its ongoing efforts to spread the culture of agriculture among Qatari farmers and enhance food security in the region through the fisheries, livestock and other agricultural sectors, Qatar Development Bank (QDB) participated in the 6th Qatar International Agricultural Exhibition, AgriteQ 2018.

During its participation, QDB launched its new “Greenhouse Program”, which aims at financing the construction of greenhouses in different areas suitable for Qatari houses to ensure self-sufficiency of locally produced food and reduce dependence on imports as well as providing all planting and technical support with a maximum funding amount of QR70,000, in addition to providing a one-day workshop that will offer farmers adequate knowledge in agriculture and a better understanding on agricultural track systems that will play an important role in facilitating the follow up procedure on agricultural production.

In accordance with the terms of the financing project for the installation and setup of greenhouses, QDB will set a profit ratio of 1 percent with a maximum financing period of up to 4 years and a grace period of up to 6 months.

The variety of products which will be cultivated will include tomatoes, mint, cucumber, beans, watercress, eggplant, lettuce, coriander, green onions, chili, cold pepper, parsley.

Before the installation of the greenhouse, all customers are required to attend the mandatory workshop which offers them with essential knowledge before installing the greenhouse.

Read more at The Peninsula