Australis Capital announced that its subsidiary ALPS has entered into an agreement with Pure Harvest Smart Farms, a controlled-environment agriculture company in the Middle East, for the development of a 1 million+ square foot facility to achieve year-round cultivation of fresh fruits and vegetables in Kuwait.
Pure Harvest – the Sultan Center partnership
The new facility is a foundational complement to the partnership recently signed between Pure Harvest and The Sultan Center. The Sultan Center is an independent and publicly traded retailer in the Middle East, serving millions of customers across Kuwait, Oman, Jordan, and Bahrain, and others. Pure Harvest and TSC have entered into a multi-year commercial off-take agreement. Under the terms of the agreement, Pure Harvest will be supplying TSC with a broad variety of locally grown fruits & vegetables, serving TSC’s supermarkets across the region.
Historically Kuwait has depended on the import of most fresh produce offered in its local supermarkets, as the country does not have a climate suitable for sustainable outdoor cultivation of many types of fruits & vegetables. TSC decided it wanted to reduce its reliance on food imports and improve its environmental footprint, which created the challenge to create a facility that would deliver fresh produce under harsh climatic conditions. Pure Harvest and ALPS partnered to meet this challenge, designing and delivering a growing solution that utilizes the abundant sunlight in Kuwait while at the same time being economical with scarce resources, including water and medium.
ALPS is specialized in designing facilities that deliver high quality and return on investment, taking all climate and economic realities that a local operator is faced with into consideration.
Thomas Larssen, President of ALPS, commented, “The ALPS brand continues to generate sizeable and exciting business opportunities across the globe, enabling us to grow revenues rapidly. We have experience in delivering and operating environmentally controlled facilities across the entire global spectrum of climates while delivering a high ROI.”
Sky Kurtz, Co-founder & CEO of Pure Harvest Smart Farms, added, “ALPS’s capabilities complement our own, and they have a long, successful track record supporting clients to design and deliver high-tech, integrated production facilities. Through this partnership, TSC and Pure Harvest will deliver enhanced food safety, water conservation, economic diversification, and sustainability within Kuwait and the MENASA region."
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Pure Harvest Farms