Majra, HyveGeo sign MoU to provide seed funding for climate and food security solutions in UAE

Majra, HyveGeo sign MoU to provide seed funding for climate and food security solutions in UAE

DUBAI/WAM The Corporate Social Responsibility (CSR) UAE Fund, Majra, signed a Memorandum of Understanding (MoU) on the sidelines of COP28 with HyveGeo agriculture company with the aim of regenerating desert sand into arable soil for home-sustainable food and cleaner air. HyveGeo specialises in sequestering carbon dioxide using microalgae (1.8 tonnes of carbon for one tonne ...

DUBAI/WAM

The Corporate Social Responsibility (CSR) UAE Fund, Majra, signed a Memorandum of Understanding (MoU) on the sidelines of COP28 with HyveGeo agriculture company with the aim of regenerating desert sand into arable soil for home-sustainable food and cleaner air.

HyveGeo specialises in sequestering carbon dioxide using microalgae (1.8 tonnes of carbon for one tonne of microalgae), as well as converting microalgae to biochar, biofertiliser and biostimulents.

The signing ceremony was attended by Abdullah bin Touq Al Marri, Minister of Economy and Chairman of Majra, and Mubarak Al Nakhi, Under-Secretary of the Ministry of Culture and Youth.

Nuha Safar, Director of Majra, said, “This partnership signifies the commencement of HyveGeo’s innovative pilot programme in the UAE, strategically leveraging advanced microalgae technology. The primary goal is to spearhead desert reclamation, combat carbon emissions, and fortify the UAE’s global leadership in climate action. Aligned with international commitments, the initiative actively contributes