The United Arab Emirates wants to build the largest indoor farm in the entire world.
What’s happening:
- Vertical farming startup Intelligent Growth Solutions has raised €22.5M in a new Series C financing
- The new growth capital will go towards global expansion and integrating their vertical farming technology into commercial size operations
Why it matters:
- Intelligent Growth Solutions and Dubai based ReFarm have entered into a groundbreaking partnership to build the largest indoor vertical farm in the UAE
- The new facility, which is being called a GigaFarm, represents a significant opportunity for the UAE to become leaders in large scale indoor farming
By the numbers:
- The planned GigaFarm being built by Intelligent Growth Systems and ReFarm will be more than 900,000 square feet and capable of replacing 1% of all food imports into the country
Going deeper:
- The UAE has been making significant moves to decarbonize and accelerate innovation across agriculture, technology and even Bitcoin mining
- The new GigaFarm could potentially be a exponential leap forward for food security in the UAE and could also be significant validation for the concept of vertical farming at large scale
