Unibio and its local partner Edhafat have, on August 1st, signed an MOU with SAGIA beginning the preparations for the establishment of a protein production plant in Saudi Arabia.
Under the Saudi Arabian 2030 Vision, the plan is to transform the economy using local investment power to create a more diverse and sustainable future, while also using the strategic position of the kingdom to build a role as an integral driver of international trade bringing Africa, Asia and Europe together.
In a region that may be affected by changing weather and without much fertile agricultural land, as well as limited water resources, bringing in technology to address future food security challenges is key.
By using local resources such as natural gas, cheap electricity and chemicals, proteins can be produced without adding stress to the agricultural system or fish stock. The Unibio technology allows the decoupling of protein production from farming and fishing and this, coupled with Saudi Arabia's ambition to increase aqua culture and milk production, makes the location and the Unibio technology a very good match.
Ture Vahan Munksgaard, the Head of Trade from the Royal Danish Embassy in Riyadh participated in the ceremony. Mr Munksgaard said, 'Many Danish companies are very innovative and are always questioning the ordinary. This leads to new and different ways of solving problems.
'Unibio is exactly that; A Danish company that develops proteins from a different source. It is great to see that through a collaboration between the private and government sector, there will be new jobs created, and the project will help to achieve some of the targets of Vision 2030.'
Read more HERE.
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