Madar Farms to construct first-of-its-kind indoor facility in KIZAD
Madar Farms is among the four AgTech companies which Abu Dhabi Investment Office has partnered with, to accelerate the sector
UAE AgTech company Madar Farms has committed to building the world’s first commercial-scale indoor tomato farm using only LED lights in the Khalifa Industrial Zone Abu Dhabi (KIZAD), and is supported by Abu Dhabi Investment Office (ADIO).
The committment is part of Abu Dhabi Investment Office's efforts to bring to Abu Dhabi four AgTech companies' facilities, which are dedicated to developing next generation agriculture in arid and desert agriculture.
The packages are being dispersed as part of ADIO’s $272m (AED1bn) AgTech Incentive Programme, established a year ago under the Abu Dhabi government’s Ghadan 21 Accelerator Programme.
To accelerate its efforts and contribution towards the AgTech sector, locally, ADIO has partnered individually with AeroFarms, Madar Farms, RNZ and Responsive Drip Irrigation (RDI), and will invest a collective amount of $100m (AED367m) in the companies, to establish R&D and production facilities in the emirate.
For the project, Madar Farms, which has developed a vertical farming technology, and specialises in a soilless growing method called hydroponics, aims to apply its technology to grow produce responsibly, with a focus on the region's natural resources.
Speaking about the project and the funding received from ADIO, chief executive officer and co-founder, Madar Farms, Abdulaziz AlMulla, said: "We want to create a lasting change and this significant contribution will not only go a long way in helping Madar Farms, but also establishing Abu Dhabi as a global AgTech leader."