Saudi Arabia announces VF venture with US AeroFarms

Saudi Arabia announces VF venture with US AeroFarms

Vertical farming is on the rise in Saudi Arabia and the United Arab Emirates.

The Saudi Public Investment Fund announced a new vertical farming project Wednesday, a modern urban concept of growing crops in vertically stacked indoor spaces.

The sovereign wealth fund's joint venture with US-based AeroFarms will build vertical farms in Saudi Arabia and elsewhere in the Middle East and North Africa. It set a production target of 1.1 million kilograms (2.4 pounds) of crops per year for the venture’s first farm in Saudi Arabia, the Public Investment Fund said in a press release. 

AeroFarms did not immediately reply to Al-Monitor’s request for more information on the project. 

Read more here.

Photo by Petr Magera on Unsplash

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