Key Takeaways
- Aqua Bridge Group and EnerTech announced a joint venture at COP28, aiming to decarbonize Kuwait’s food supply chains.
- The venture focuses on enhancing Kuwait’s aquaculture and fisheries sectors to reduce import dependency.
- Aqua Bridge Kuwait leverages international expertise in aquaculture and innovative agricultural solutions.
- The initiative aligns with Kuwait’s Vision 2040 for sustainable development and food security.
- The partnership seeks to address climate change, population growth, and food insecurity challenges.
On the sidelines of COP28 in Dubai, UAE, Aqua Bridge Group, a leader in aquaculture development, and EnerTech, a Kuwait-based innovator in sustainable solutions, announced the launch of Aqua Bridge Kuwait. This joint venture, signed by Mohammed Aldowaisan of EnerTech and Mohammad Tabish of Aqua Bridge Group, is poised to transform Kuwait’s food supply systems.
Strategic Objectives Of The JV
Decarbonization of Food Supply
The joint venture’s primary goal is decarbonizing Kuwait’s food supply chains. With over 90 percent of the nation’s food supply reliant on imports, this initiative is timely and critical. The partnership intends to fortify Kuwait’s aquaculture and fisheries sectors, enhancing local food production capabilities.
Reducing Import Reliance
Given the rising shipping costs and heavy reliance on imports, Aqua Bridge Kuwait aims to strengthen local food systems. This move aligns with Kuwait’s national food security objectives, focusing on building a sustainable agri-food system resilient to global economic shocks and disruptions.
Core Focus Areas Of Aqua Bridge’s JV
Aquaculture Development
Aqua Bridge Group brings its extensive international expertise in aquaculture projects. This expertise, combined with EnerTech’s innovative agricultural solutions, promises to revolutionize Kuwait’s aquaculture sector, particularly its burgeoning seafood industry.
Carbon Footprint Reduction
The joint venture is not just about enhancing food production; it also aims to significantly reduce the carbon footprint of food supply chains in Kuwait. This approach addresses the interconnected challenges of climate change, population growth, and food insecurity.
Leadership Perspectives From Aqua Bridge & EnerTech
Mohammad Tabish’s Vision
Mohammad Tabish, CEO of Aqua Bridge Group, emphasizes the venture’s commitment to sustainability and resilience. He expresses excitement about leading the development of Kuwait’s aquaculture sector in alignment with global environmental stewardship dialogues at COP28.
Abdullah Al Mutairi’s Strategy
Abdullah Al Mutairi, CEO of EnerTech, highlights the necessity of building a resilient food-water-energy nexus through urgent and innovative actions. The partnership with Aqua Bridge Group is a crucial step in realizing Kuwait Vision 2040, which aims to boost sustainable development efforts in Kuwait.
Image provided by Aqua Bridge Group
