Abu Dhabi – Mubasher: The Abu Dhabi Investment Office (ADIO) has invested AED 367 million ($100 million) in four agriculture technology (AgTech) companies to build facilities that tackle agriculture challenges.
AeroFarms, Madar Farms, RNZ, and Responsive Drip Irrigation (RDI) will establish research and development (R&D) as well as production facilities in Abu Dhabi, which will turn sand into farmlands and create more job opportunities, according to a press release on Thursday.
The chairman of the Abu Dhabi Department of Economic Development, Mohammed Ali Al Shorafa, said: "Our long-term goal as the Abu Dhabi Government is to not only support the development of Abu Dhabi’s knowledge-economy, but also to support the development of innovation."
Meanwhile, director general of ADIO, Tariq Bin Hendi, remarked: "In line with Abu Dhabi’s long-term vision to grow the sector, ADIO partners with companies that have innovation at the core to help ensure long-term success."
It is noteworthy to mention that Abu Dhabi has about 24,000 farms, many of which are utilising modern irrigation and hydroponic techniques.
