DOHA: The Qatar Development Bank (QDB) has announced that it will provide soft loans of QR1m to Qatari agriculturists who are interested in setting up greenhouse vegetable farms in the country.
Addressing farmers at a workshop here, Hamad Al Kandi, a representative of the QDB, said the bank will not ask for collateral from the agriculturists for availing of the loan.
The workshop was titled ‘Investing in Greenhouse Farming’ and was jointly organised by the Agricultural Affairs Department and the QDB. The event also educated the agriculturists on taking precautions to protect their produce in bad weather.
Nasser Al Kabi, Head of the Department of Agricultural Guidance and Research, said ‘Greenhouse farming is a more profitable venture compared to traditional farming. This type of farming in 10,000 square meter area could produce about 400,000 kg of produce for example, he said.
The event was attended by farm owners and officials of the Agricultural Affairs Department.
The Peninsula
