DUBAI (Reuters) – United Arab Emirates agriculture technology start-up Pure Harvest Smart Farms has raised $20.6 million in fresh funding and secured commitments for a further $100 million, it said on Monday.
Wafra International, an investment firm owned by the Kuwait state pension agency, is investing $10 million of the new funding, and committing $100 million in equity and project financing.
The food technology industry is still nascent in Gulf Arab states, where there is sparse arable land and temperatures in the summer rise above 50 degrees Centigrade (122°F).
Pure Harvest Smart Farms…
