Pure Harvest will soon be able to produce some 1,130 tonnes of food a month at its facilities in Kuwait, the UAE, and Saudi Arabia (Shutterstock).

UAE’s Pure Harvest considers a number of debt structures to expand to Asia


Pure Harvest Smart Farms’ breakthrough farming system has attracted a diverse mix of investors.

 

Dubai: Abu Dhabi-based Pure Harvest Smart Farms plans to raise funding through a new sukuk (Islamic bond) or conventional bond to support its food-security driven expansion plans, Tariq Sanad, the company’s chief financial officer, told Salaam Gateway.

The agritech firm’s breakthrough farming system that can produce year-round crops in the desert has attracted a diverse mix of investors since its inception in 2016.

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tags:

Sukuk
Investment
Food Security
Sustainable agriculture
OIC agriculture
Vertical farming