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Nakheel Palestine for Agricultural Investment Ltd. – Detailed Company Profile

Company Overview

• Name: Nakheel Palestine for Agricultural Investment Ltd.
• Founded: 2010
• Headquarters: Japan Street, P.O. Box 18, Jericho, Palestine
• Website: www.nakheelpal.com
• Email: info@nakheelpal.ps
• Phone: +970 2 2320791 / +970 2 2313918
• General Manager: Mohammad Sawafta
• Ownership: Private limited shareholding company, with major investors including PADICO Holding and Siraj Fund Management Company

Core Business

Nakheel Palestine specializes in the cultivation, processing, packaging, and export of premium quality Palestinian dates, primarily the Medjool and Barhi varieties. The company operates across the entire value chain, from farm to international markets, ensuring quality and traceability at each stage.

Product Portfolio

• Medjool Dates: Known for their large size, soft texture, and rich flavor, these dates are the flagship product of Nakheel Palestine.
• Barhi Dates: A sweeter, softer variety, harvested at the rutab stage for optimal taste.

Products are marketed under the brand names:

• Jericho Dates
• Moon City Dates

Production Capacity and Infrastructure

• Cultivation Area: Over 400 hectares in the Jericho region
• Date Palms: More than 45,000 trees
• Annual Production Capacity: Approximately 3,000 metric tons
• Processing Facilities:
  • Sorting and Grading House: Capable of processing 20 metric tons per day
  • Cold Storage: Capacity of 2,800 metric tons at -18°C
  • Packaging Facility: Equipped for washing, drying, disinfestation, grading, and packing
  • Renewable Energy: Rooftop solar power plant covering 20% of electricity needs

Certifications and Quality Standards

Nakheel Palestine adheres to stringent international quality and safety standards:

• Global G.A.P.: Good Agricultural Practices certification
• ISO 22000: Food Safety Management System
• BRC Food: British Retail Consortium Global Standard for Food Safety
• Halal Certification: Issued by the Palestine Standards Institution

Market Presence and Export Data

• Export Markets: Over 20 countries across Europe, Asia, and the Middle East
• Export Volume: Approximately 60% of total production is exported
• Key Markets: Turkey, neighboring Arab countries, and expanding presence in Europe and Asia

Financials and Investments

• Paid-in Capital: USD 22 million
• Recent Investments:
  • Proparco Loan: EUR 9.3 million in 2017 for expansion and modernization
  • MIGA Guarantees: USD 16.61 million covering equity investments, mitigating risks of expropriation and civil disturbances

Employment and Social Impact

• Permanent Employees: Over 80
• Seasonal Workers: More than 500 during peak harvest periods
• Gender Inclusion: Approximately 30% of the workforce are women
• Community Engagement: Supports local farmers and contributes to the livelihoods of hundreds of families in the Jericho region

Sustainability and Environmental Responsibility

Nakheel Palestine is committed to sustainable agricultural practices:

• Water Management: Advanced irrigation techniques to optimize water usage
• Renewable Energy: Solar power integration reduces carbon footprint
• Environmental Stewardship: Compliance with international environmental standards throughout the production cycle

Strategic Partnerships

• PADICO Holding: Major shareholder, providing strategic direction and investment
• Siraj Fund Management Company: Investment partner focusing on sustainable development
• Proparco: Financial partner supporting expansion and infrastructure development
• MIGA: Provided political risk insurance to safeguard investments

Recent Developments

• Expansion: Acquisition of additional farms, increasing cultivation area and production capacity
• Infrastructure: Upgrades to processing and storage facilities to meet growing demand
• Market Growth: Entry into new international markets, enhancing global brand recognition

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Note: The information provided is based on publicly available sources as of the date of this profile.