Sustainable Farming: Saudi’s Red Sea Farms strives to ‘beat the heat’ beyond Middle East

Sustainable Farming: Saudi’s Red Sea Farms strives to ‘beat the heat’ beyond Middle East

Saudi AgTech business Red Sea Farms is inching toward profitability after going from zero to over 58 hectares of technology deployment in approximately three years.

“We have learned a lot along the way and expect the rate of technology deployment to accelerate over the next three to five years not only in the Middle East but in other regions with hot climates globally,” Chief Financial Officer (CFO) Simon Bryant told Zawya Projects in an emailed interview.

To date, the company has raised over $37 million from its global cohort of investors.

“Fast-growing companies will always need to fund-raise, and we are very fast-growing,” he said, adding that the company is always striving to improve its technologies and develop new ones to feed the world sustainably.