PIF & AeroFarms sign deal to develop vertical farms across MENA ...United Arab Emirates

An agreement between Saudi Arabia’s Public Investment Fund (PIF) and AeroFarms has been inked. As per the terms of the deal, a new company will be set-up in Riyadh, and will focus on building and operating indoor vertical farms in the MENA region. According to PIF, the partnership aligns with its strategy, which focuses on developing and enabling the capabilities of key sectors, including food and agriculture. The Saudi sovereign wealth fund said the move will contribute to improving trade balance, localise technologies, develop industries and the overall growth and diversification of the Saudi economy. It also said that it is investing to localise new agricultural technologies that can bene

Hence then, the article about pif aerofarms sign deal to develop vertical farms across mena was published today ( Monday 06/02/2023 - 11:32 AM ) and is available on ME CONSTRUCTION NEWS ( United Arab Emirates ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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