It’s perhaps not news that the Middle East is in a precarious position when it comes to food security. One of the hottest, driest, and most inhospitable climates on Earth, the region’s agriculture industries are unable to feed their populations so the countries import the vast majority of their food, leaving them at the mercy of foreign governments.
AgFunderNews contacted Elham Al Qasim, acting CEO of the Abu Dhabi Investment Office (ADIO), to discuss the ins and outs.
Founder Sky Kurtz says that the necessity for this kind of growing system stems from the lack of food security in the UAE and the Gulf Cooperation Council (GCC) countries more broadly.
US indoor agriculture group AeroFarms has closed a $40 million Series D round.
Zulal Oasis, the joint venture subsidiary of Hassad Food, recently held an open day for local farmers, investors and agriculture specialists.