Madar Farms gets financial support from Abu Dhabi Investment


April 13, 2020 | By RetailME Bureau

UAE-based AgTech company, Madar Farms has partnered with the Abu Dhabi Investment Office (ADIO) to support the operation of the world’s first commercial-scale indoor tomato farm using only LED lights and a new research facility to help in accelerating the AgTech industry in the UAE and the region. The facility is currently under construction at Khalifa Industrial Zone Abu Dhabi (KIZAD) and set to open by the end of this year, which will see Madar Farms triple the quantity of its microgreens and grow a wider variety of products.

The investment is part of ADIO’s AED1 billion AgTech Incentive Programme to accelerate the growth of the emirate’s burgeoning AgTech ecosystem and promote innovation in desert agriculture that is locally relevant and globally exportable.

The investment will also support a new Research and Development (R&D) facility that will enable Madar Farms to quantify production output measured against environmental inputs (water and electricity). Currently, Madar Farms has an established R&D facility at Masdar City in Abu Dhabi.

Madar Farms is one of four AgTech innovators to receive investment from ADIO in the latest award of financial packages from its AgTech Incentive Programme, established under the Abu Dhabi Government’s Ghadan 21 accelerator programme. ADIO will invest AED367 million in total in four AgTech companies building facilities in Abu Dhabi as part of this round.

Also read: Madar Farms pioneering a new way of living

“It is a privilege to be recognised by ADIO for our efforts in tackling food and water security challenges in the UAE and the region and turning the Late Sheikh Zayed vision into reality. This shows that we are going in the right direction and with food sustainability becoming more important, we are more determined to build on this achievement,” said Abdulaziz AlMulla, CEO and co-founder, Madar Farms. “This investment will enable us to significantly scale up our operations in the UAE as well as put the skills and knowledge we have gained over the last three years into researching long-term, sustainable solutions for complex food security challenges in the region.”

“We are proud to partner with Madar Farms to support the continued commercialisation of its innovative AgTech solutions in Abu Dhabi. The investment will enable Madar Farms to scale up its capabilities and contribute to expanding the supply of sustainable, quality local food in the region. AgTech is a priority sector for the Abu Dhabi Government, and Madar Farms will be a key player in the growth of the ecosystem over the coming years,” added Dr. Tariq Bin Hendi, director general, ADIO.

Madar Farms also works with the wider industry and education authorities to support the UAE government’s National Food Security Strategy 2051 that aims to solve the region’s food problems and provide enough nutritious food all-year round.

 

For all the latest retail news from Middle East, follow us on Twitter and LinkedIn, like us on Facebook and subscribe to our YouTube page.

Comments

comments

Previous Article Next Article

YOU MAY ALSO LIKE /



UAE-based Al Maya Supermarkets is hosting a two-week food festival at select 

Continue Reading

January 17, 2021 | By Lawrence Pinto

Locally-owned supermarket Spinneys has launched its ‘Power of Plants’ initiative in the 

Continue Reading

January 17, 2021 | By RetailME Bureau
Cookit

Carrefour UAE has launched “Cookit Yourself” — a curated recipe box created 

Continue Reading

January 5, 2021 | By RetailME Bureau
Al Islami Plant-Based Burger

UAE-based Al Islami Foods, one of the largest frozen food companies in 

Continue Reading

January 3, 2021 | By RetailME Bureau
Marks & Spencer's plant-based range

Marks & Spencer’s plant-based range now offers over 25 vegan products including meat-free 

Continue Reading

December 23, 2020 | By RetailME Bureau

World’s largest fully integrated online brand in fresh fish and meat e-commerce 

Continue Reading

December 14, 2020 | By RetailME Bureau
Koita

Homegrown, organic and plant milk company, Koita has announced its expansion into 

Continue Reading

December 9, 2020 | By RetailME Bureau
Middle East's vegan revolution

Today’s on-demand streaming services are ripe with docu-series and explainer videos on 

Continue Reading

December 3, 2020 | By Shruthi Nair

International food retailer, SPAR has today announced a global partnership to tackle food waste with the 

Continue Reading

December 3, 2020 | By RetailME Bureau

UAE-based concept grocery retail chain, Grandiose has opened a new supermarket within 

Continue Reading

November 22, 2020 | By RetailME Bureau

US-based fast food chain, Nathan’s famous Inc. brings another New York classic, 

Continue Reading

November 12, 2020 | By RetailME Bureau

Dubai-based Union Coop, the leading Consumer Cooperative in the UAE, opened its 

Continue Reading

November 11, 2020 | By RetailME Bureau




Download Images RetailME Magazine