Vertical Farming in Middle East - Know Latest Developments!
Despite how novel it may appear, vertical farming has been practised for a while. As everyone is aware of the history, we won't go into it more in this blog. We are aware that many of you are curious about the developing vertical farming market in the Middle East, if that is so, you have arrived at the perfect location. By the end of this blog, you should be able to get an idea of recent developments in the Middle East in terms of vertical farming.
According to a 2021 research by Dubai-based Alpen Capital, the Middle East imports 85%–90% of all the food it consumes. This shows how desperately the region needed a farming method other than conventional farming.
Vertical farming in Dubai is gaining a lot of traction - and why wouldn't it? The presence of Bustanica - which went fully functional last year, gave it a completely new breakthrough.
This single farm can produce 1,000 tonnes of leafy greens each year. The investment in it goes is also huge - to let you know this particular hydroponic farm is backed by $40 million and the policymakers last year promised to continue making rigorous and aggressive investments as the year progress. Bustanic has given vertical farming in UAE a new face and phase. Located near Al Maktoum International Airport at Dubai World Central - this farm is spread over 330,000 sq ft.
This is what 2022 saw, and this year was no exception. After Dubai, Abu Dhabi became the home of the world's largest vertical farm, AeroFarms AgX, which spreads at 65,000 sq ft. With the official support of the Abu Dhabi Investment Office, this vertical farm is the world's largest indoor vertical farm, rare and distinctive in its approach for research and development, paving a unique path in transformative innovations. It will not only grow fresh fruits and vegetables, but it will also solve some of the world's most pressing agricultural challenges with the help of highly skilled engineers, horticulturists, and scientists who will be involved and employed in it on a continuous basis.
According to reports, the UAE intends to be "the world's best in the Global Food Security Index by 2051 and among the top 10 countries in the world."
Let us see what some interesting developments exist for the Middle East's Vertical Farming Industry! Let's begin
The Saudi government is taking a lot of interest in vertical farms being the best alternative. Aerofarm is to open its next biggest farm in Riyadh, Saudi Arabia which is anticipated to start next year in 2024. The collaboration is between the Saudi government-owned Public Investment Fund (PIF) and Aerofarm.
In 2021, the Kingdom's Ministry of Environment, Water and Agriculture allocated $26.5 million (SAR 100 million) planned to develop and localize vertical farming technologies and relatable R&D institutes.
A partnership agreement with Qatar Free Zones Authority (QFZA) and Doha Venture Capital is also in the news and it is very much likely that their new vertical farm in Qatar will open in the forthcoming year.
Abu Dhabi Investment Office invested $100 mn in agritech companies aligned with the R&D goals.
There have been 35,000 farms so far reported from UAE, that use new-age tech and purpose-built environments like greenhouses and vertical farms.
The Food Tech Valley Project in Dubai is promoting sustainable Vertical Farming Integration in the Region.
For Dubai, the food industry is one of the priority sectors of the Dubai Industrial Strategy 2030.
These are just some points we highlighted, if you see the Middle East as a region, the market for vertical farming is booming and exploding with opportunities. If you intend to take your vertical farming business to new heights, expand in the region and make effective connections with relevant industry leaders, then the 4th Global Vertical Farming Show Dubai is a place for you.
GVF 2023 is the Middle East's largest and only exclusive show bringing the entire vertical farming industry's value chain under one roof for two consecutive days.