Le Lézard
Classified in: Science and technology, Business
Subjects: BUSINESS CONTRACTS, Environmental, Social, and Governance Criteria

"GigaFarm" capable of replacing 1% of UAE food imports set for construction in Dubai Food Tech Valley


DUBAI, United Arab Emirates, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Food Tech Valley has signed an agreement at COP28 with ReFarmTM to start construction on a 900,000 sq. ft. game-changing "GigaFarm". The innovative waste-to-value farm will be capable of recycling more than 50,000 tonnes of food waste and growing two billion plants each year.

ReFarmTM was established in the UAE by SSK Enterprise and Christof Global Impact (CGI) as a group of companies with focus on projects with circularity and clean technologies. The brand chose vertical farming technology developed by infrastructure supplier Intelligent Growth Solutions (IGS) and is set to start construction in mid-2024 at Dubai's Food Tech Valley, a master development launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum and being led by major Dubai property developer, Wasl. ReFarmTM has engaged its lead bank to arrange support from UK Export Finance within the UK Government's Department for Business & Trade.

In a global first, six complementary technologies will be collocated on the Dubai Food Tech Valley site as part of a closed-loop circular waste-to-value system, establishing a self-contained ecosystem designed to maximise resource efficiency and prevent any waste going to landfill.

Capable of growing more than three million kilos of produce annually, the site will support the UAE's move towards decarbonising food production, replacing 1% of the country's fresh produce imports. Construction is due to begin in mid-2024, with the site expected to be fully operational by 2026.

HE Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, said: "The United Arab Emirates' economic growth strategy has placed a strong emphasis on diversification and sustainability, which includes developing new knowledge and capabilities in high-impact industries.

"Rethinking our food production systems is a clear priority, and the decision of ReFarm to launch a facility in Dubai's Food Tech Valley is a significant step forwards for the development of a technologically advanced, low-carbon agricultural sector."

Oliver Christof, CEO at Christof Global Impact (CGI), commented: "What has been achieved over the past 36 months in the UAE is a gamechanger for the sustainable food industry. A key factor for success is the open mindset by the UAE leadership and a strong focus on circularity, which allowed us to bring together various groups, including a broad variety of local stakeholders."

Press contact details:

Carla Furneaux

+447976226408

[email protected]

Steven Flanagan

[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1662d97a-085e-4e52-a984-01f0cd8ce049



These press releases may also interest you

at 20:35
Interfield Global Software Inc. (Cboe CA: IFSS) (the ??"Company")? is pleased to announce that it has filed its (i) audited annual financial statements, management's discussion and analysis ("MD&A"), annual information form and related...

at 19:40
Videotron Ltd. ("Videotron") today announced the pricing of its $600 million aggregate principal amount of 4.650% Series 1 Senior Notes due July 15, 2029 (the "Series 1 Notes") and $400 million aggregate principal amount of 5.000% Series 2 Senior...

at 19:35
Renowned motivational speaker Tony Robbins and esteemed business strategist Dean Graziosi are excited to announce the launch of the Mastermind Business System, a comprehensive platform designed to help entrepreneurs and business leaders create,...

at 19:28
Ernst & Young LLP (EY US) announced that Alfonso Montiel, CEO of SilverStone Health was named an Entrepreneur Of The Year® 2024 Southwest Award finalist. Now in its 38th year, Entrepreneur Of The Year is the preeminent competitive business award for...

at 19:22
ESET, a global leader in cybersecurity, today announced that Tony Anscombe, Cyber Security Evangelist at ESET, will be the emcee for the Developer Track: FullSTK at this year's Collision Conference. With topics ranging from AI and privacy to future...

at 19:15
Nightwing announced today that its facility in Annapolis Junction, Md. has received the 2024 James S. Cogswell Award for Outstanding Industrial Security Achievement by the Defense Counterintelligence and Security Agency (DCSA)....



News published on and distributed by: