Red Sea Farms and Kirchner Group are joining forces to help climatically challenged communities “grow local” in the face of supply chain fragility.
Kuwait’s Wafra and UAE’s Abu Dhabi Investment Office have both made commitments to develop agtech in their countries, but are taking different approaches.
Lever VC, a firm specializing in alternative protein investments, led the round, which was joined by Prince Khaled bin Alwaleed bin Talal al Saud’s VC firm KBW Ventures and Silicon Valley investors K2 Global. The investment sums involved were not disclosed on record.
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.
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
Zulal Oasis, the joint venture subsidiary of Hassad Food, recently held an open day for local farmers, investors and agriculture specialists.
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