• Home
  • News
  • Stephenson Harwood advises Badia Farms on Green Corp investment

15 May 2023

Stephenson Harwood advises Badia Farms on Green Corp investment

Linkedin

Law firm Stephenson Harwood LLP has acted as legal counsel to UAE-based Badia Farms on its investment from Green Corp.

Established in 2016, Badia Farms is the Gulf Co-operation Council's (GCC) first commercial indoor vertical farming company; it supplies produce to high-end hotels, restaurants, and consumers across the GCC. Using sustainable farming techniques, Badia Farms produces nutritious fruits and vegetables without sunlight or soil. Its energy-efficient methods use up to 90% less water than traditionally grown crops, and have higher yields.

Green Corp was launched in Bahrain this year by Gulf Islamic Investments (GII), a leading Shari’ah-compliant global alternative investment company with more than US$3 billion of assets under management, as an agribusiness platform to initiate and develop sustainable agricultural, aquaculture, food processing and production projects across the GCC states.

Green Corp's investment will enable Badia Farms to expand its advanced production models and pesticide-free farms into Saudi Arabia and Bahrain, enhancing regional food production opportunities significantly.

"This is a significant transaction for the GCC, as well as the region's agricultural and sustainability sectors," said Diwakar Agarwal, partner, Stephenson Harwood. "It is part of a wider initiative to increase sustainable food production projects across the GCC, and this investment will help Saudi Arabia and Bahrain diversify their food sources, and become more self-sufficient and less dependent on food imports."

The Stephenson Harwood team was led by partner Diwakar Agarwal, who was supported by associate Phathu Rambau.

Linkedin

KEY CONTACT

Diwakar Agarwal

Diwakar Agarwal
Partner

T:  +971 4407 3905 M:  +971 52 120 3149 Email Diwakar | Vcard Office:  Dubai

Phathu Rambau

Phathu Rambau
Associate

T:  +971 4 407 3938 M:  +971 56 533 9213 Email Phathu | Vcard Office:  Dubai

MEDIA CONTACT

Rose Charteris

Senior communications & PR executive

T: +44 20 7809 2961 
Email Rose

  • Related Services
  • Related Sectors
  • Related Locations