#Agtech

Agtech firm Silal buys majority stake in SAFCO

ADQ-backed Silal acquires majority stake in SAFCO Group

The agtech firm said the deal will strengthen its presence in the hospitality, restaurant, and catering segments

RedSea and Saudi Downtown Company sign MoU

PIF-owned Saudi Downtown Company, RedSea to work together

The new partnership, underscored by an MoU, aims to build and operate RedSea greenhouses at SDC locations

AeroFarms opens faciltiy on Abu Dhabi photo WAM

AeroFarms debuts AgX indoor vertical farm in Abu Dhabi

At 65,000 square feet, AeroFarms AgX is the largest indoor vertical farm of its kind for research and development in the world

FOOD

Top 5 ways restaurants can reduce waste and improve food safety

There are a couple of changes restaurants can implement that will not require any huge investment

Here’s how Right Farm is tackling GCC region’s food security challenges

Founded in 2021, Right Farm uses predictive technology, which is designed to provide a seamless and convenient end-to-end process from farm to table

Pure Harvest

Billionaire Olayans join funding for agritech firm Pure Harvest

Other investors include Britain’s Metric Capital Partners and South Korea’s IMM Investment

Agtech Red Sea farms

Agtech Red Sea Farms completes $18.5m fund raise

The agtech company will use the funds for its global and regional expansion plans, including the expansion of its fresh produce business in the GCC

UAE’s Right Farm raises $2.8m in seed funding round

DisruptAD, ADQ’s venture platform, and Enhance Ventures, the venture studio for the MENAPT region, led the seed equity funding round

Saudi’s Red Sea Farms raises $16m pre-series A funding round

Initial investor group includes Aramco venture Wa’ed, the Future Investment Initiative Institute and KAUST from Saudi Arabia, as well as UAE-based Global Ventures