Tuesday 11 December 2018

Dubai group buys key stake in Swedish Plantagon

STOCKHOLM, December 4, 2016

UAE-based Enspire, a key player in regional financial and infrastructural projects, has bought a significant stake in Plantagon, a world-leading pioneer within urban agriculture, that spearheads infrastructural food systems integrating energy, water and waste management.

Plantagon Agritechture AB is combining urban agriculture, innovative technical solutions and architecture - to meet global food security.

Plantagon's landmark project The World Food Building in Linköping, Sweden, is attracting global attention and is seen by many as leading the development of large scale and sustainable food production in cities.

The building was recently awarded The International Architecture Awards 2016 by The Chicago Athenaeum Museum of Architecture and Design and The European Centre for Architecture Art Design and Urban Studies.

Plantagon has also been recognized by Red Herring Top 100 Global as being one the 100 most innovative companies in the world.

"We know of more than 45 cities around the world that are concretely planning for how to integrate urban food production into their infrastructure. We came on the market early, and when we now have reached the phase of global commercialisation, we are happy to have an experienced financial partner as Enspire on board," remarked Owe Pettersson, the chief executive of Plantagon Agritechture AB.

Soud Ba'alawy, the founder and chairman of Enspire, has long experience in financial and infrastructural projects, for corporations as well as cities and nations and sees global food security and sustainable food production as a critical challenge for the future.

"We call it the 'imperative FEW; every city requires Food, Energy and Water to provide a sustainable living for its citizens. In our work to provide governments with the economic architecture that enables long-term, sustainable growth, Plantagon will play the important role of providing solutions for food security and sustainable food production, and creating symbiotic systems within the cities," he stated.

Hans Hassle, co-founder of Plantagon and chairman of Plantagon Agritechture, said: "Plantagon will continue to develop new innovations within food, energy and water. All infrastructural development demands massive investments, and to be able to motivate the financial sector to participate in a really serious way we are expanding our knowledge and international network on this arena."

The board of Plantagon Agritechture AB now comprises Sten Lundqvist, Michele di Dato, Soud Ba'alawy and Lamia Boukhris with Hans Hassle as the chairman.-TradeArabia News Service


Tags: Stake | Dubai group |

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