EQUIPMENT necessary for the commencement of the US$15 million hydroponics project will set sail from Israel today, according to Chief Executive Officer (CEO) of Seal Group, Matan Koren, who is among the investors from KARLICO Inc., which is undertaking this massive investment in local hydroponics.
Koren, who provided an update on the project, was part of a recent engagement among Minister of Agriculture, Zulfikar Mustapha; Non-Resident Israeli Ambassador, Itai Bardov and another shareholder in the KARLICO Inc., Business Development Director at the LR Group, Joseph Harrosh.
The investor, during the meeting, said that the equipment should arrive in Guyana within the next four to six weeks. Hydroponics is the technique of growing plants using a water-based nutrient solution rather than soil.
Approximately US$15,750,000 is being invested by the company to execute the project which will involve a three-phase hydroponic production system based on nutrient film techniques and soilless production systems.
Those systems will be designed for the production of fresh herbs, lettuce, and other leafy vegetables as well as other high-value crops.
During the meeting, Minister Mustapha and the Ambassador discussed additional areas for collaboration in agriculture.
