Abu Dhabi Investment Office invests US$41m in 3 agri-tech firms to promote desert agriculture

UAE – The Abu Dhabi Investment Office (ADIO) has invested US$41 million in India- based fresh meat and fish e-tailer FreshToHome and two other agritech companies -Pure Harvest and Nanoracks- to promote development of desert agriculture ADIO’s recent investment follows upon a previous US$100 million investment made by ADIO in April of this year in AeroFarms, Madar Farms, RNZ, and Responsive Drip Irrigation (RDI). ADIO at the time said that the investments were aimed at bringing next generation agricultural research and production to the desert. The new investments according to…

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UAE and KSA food & beverage market to surpass US$80bn in 2020

UAE – The United Arab Emirates (UAE) as well as the Kingdom of Saudi Arabia (KSA) are some of the most strategic markets for food and beverage companies in the Gulf region and despite the COVID-19 crisis and the looming economic recession, the food & beverage market is projected to register steady growth throughout 2020 and reach US$80 billion. This is according to an industry analysis conducted by research firm, Frost & Sullivan titled the ‘2020 Outlook of the KSA and UAE F&B Market’, which attributes the growth to increased…

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FAO, United Arab Emirates invest US$4m to support women in agriculture in Liberia

LIBERIA – The United Arab Emirates signed a Memorandum of Understanding with FAO to invest US$4 million in Liberia to help the rural women develop sustainable agribusiness models. The funding will support poultry and vegetable production using solar energy as part of the UAE’s ongoing humanitarian works to empower women across the world. The contribution which comes from the UAE’s Ministry of Foreign Affairs and International Cooperation will be managed by FAO and Masdar Future Energy Company, a renewable energy company based in Abu Dhabi. Masdar will provide solar energy…

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