PIF-owned Saudi Downtown Company, RedSea to work together

PIF-owned Saudi Downtown Company, RedSea to work together

Saudi agtech firm RedSea has partnered with the Saudi Downtown Company (SDC) – a fully-owned subsidiary of Saudi Arabia’s Public Investment Fund (PIF). Red Sea is known for enabling commercial farming in hot environments globally. The new partnership, underscored by an MoU, will see the two parties discuss the design, building, and operation of RedSea greenhouses at SDC locations across the kingdom. Each downtown project is a mixed-use development that will provide a platform to enhance the quality of life and promote economic growth across 12 Saudi cities. The partnership will see the integration of sustainable greenhouses into modern city landscapes with original concepts designed to highlight the rich culture and tradition of each area, according to a statement. The greenhouses are not only sustainable but also include the most advanced technologies. The facilities will also be promoted as attractive destinations for visitors through creative experiences and culinary-driven offerings. New job and training opportunities for locals can also be expected in horticultural management, juice bars and cafes as a result of this partnership. RedSea’s technologies span from the roots of the fruits and vegetables to the roof of the greenhouse and have been proven in its six-hectare facility near Riyadh