UAE agriculture tech start-up secures $120mln investment commitment – ZAWYA

UAE agriculture tech start-up secures $120mln investment commitment – ZAWYA

Wafra International , an investment firm owned by the Kuwait state pension agency, is investing $10 million of the new funding, and committing $100 million in equity and project financing.. Pure Harvest Smart Farms supplies tomatoes grown in an enclosed, environment-controlled farm to supermarkets, hotels and restaurants in the UAE.. Pure Harvest Smart Farms expects to have its new UAE farms operational by the end of the year, and farms running in Saudi Arabia, where it has secured 6 hectares of land, in the first quarter of 2021..