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ADIO to invest US$100 million in four global AgTech pioneers

Four agriculture technology (AgTech) pioneers will build new facilities in Abu Dhabi dedicated to developing next generation agriculture in arid and desert agriculture. The Abu Dhabi Investment Office, ADIO, has partnered individually with AeroFarms, Madar Farms, RNZ and Responsive Drip Irrigation, RDI. The investment office has launched a targeted incentive programme in 2019 to accelerate the growth of the emirate’s burgeoning (AgTech) ecosystem and promote innovation that is locally relevant and globally exportable. The packages are being dispersed as part of ADIO’s AED1 billion (US$272 million) AgTech Incentive Programme, established a year ago

AeroFarms will focus on next-generation genetic phenotyping and organoleptic research while also tackling the challenges of desert agriculture from its new 8,200-sqm R&D centre in Abu Dhabi. Madar Farms, a home-grown UAE AgTech innovator, will build the world’s first commercial-scale indoor tomato farm using only LED lights in KIZAD. RDI is developing an innovative irrigation system to transform water usage in UAE agriculture and conducting research trials to increase crop yields in sandy soils and non-arable land. While locally-based company RNZ will set up a state-of-the-art R&D centre to research, formulate and commercialise ‘agri-input’ solutions that will help to grow more with less.

Read more at Emirates News Agency

By AgReads®

AgTech and FoodTech news platform

6 replies on “ADIO to invest US$100 million in four global AgTech pioneers”

[…] Abu Dhabi-based Al Dahra Holding has signed a deal to cultivate and supply essential crops and forage across Bulgaria. The memorandum of understanding (MoU) was signed with Bulgaria-based AJD Agro and includes alfalfa and other grasses. Al Dahra previously invested in the country through Loulis Mills, the Greek-based flour miller, which acquired the largest flour mill operator in Bulgaria. […]

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