Riyadh – Mubasher: RedSea has unveiled a memorandum of understanding (MoU) with Saudi Downtown Company, a fully-owned subsidiary of Saudi Arabia’s Public Investment Fund (PIF), to consider designing, building, and operating RedSea greenhouses at Saudi Downtown locations nationwide.
The partnership will further enable the deployment of sustainable agriculture technologies to all beneficiaries, according to a press release.
Each downtown scheme is a mixed-use project that will provide a platform to endorse the quality of life and promote economic growth across 12 Saudi cities while delivering magnet attractions for each individual location.
RedSea is a Saudi agriculture technology (AgTech) business which technology enables commercial farming in hot environments globally.
Aligning with the Kingdom’s vision, the partnership will enhance the urban living experience by integrating innovative and sustainable greenhouses with the latest technologies into modern city landscapes.
CEO and Co-Founder of RedSea, Ryan Lefers, commented: “The greenhouses are not only sustainable and inclusive of the most advanced technologies – the facilities themselves are designed as experience centres for community visitors whilst also providing agriculture education as well as economic advantages.”
RedSea aims to become a world leader in offering sustainable technologies for hot environments while pioneering sustainable solutions to tackle food insecurity.
Currently, the firm has its technology deployed in seven countries and benefits more than 100 retail locations across Saudi Arabia under the Red Sea Farms produce brand.
