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UAE Agtech Right Farm Raises $2.8 Million from Investors

Right Farm said it raised $2.8 million from investors. (WAM)
Right Farm said it raised $2.8 million from investors. (WAM)
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UAE Agtech Right Farm Raises $2.8 Million from Investors

Right Farm said it raised $2.8 million from investors. (WAM)
Right Farm said it raised $2.8 million from investors. (WAM)

Right Farm, a United Arab Emirates agriculture technology firm, said on Monday it raised $2.8 million from investors including Abu Dhabi state holding company ADQ's venture platform.

The company is a business to business digital platform which sources fresh produce from local and international farms for the food and retail sector.

Right Farm said in a statement that the funding round was led by DisruptAD, ADQ's venture platform, and Enhance Ventures, a venture builder for the Middle East, North Africa, Pakistan, and Turkey market.

The company said the proceeds will be used to support the firm's technology development and growth plans.

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Saudi Energy Minister Emphasizes Importance of Balancing Growth, Energy Security

Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz. Photo: Energy Ministry account on X
Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz. Photo: Energy Ministry account on X
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Saudi Energy Minister Emphasizes Importance of Balancing Growth, Energy Security

Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz. Photo: Energy Ministry account on X
Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz. Photo: Energy Ministry account on X

Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz participated in the Energy Transitions Working Group meetings, the 15th Clean Energy Ministerial and the 9th Mission Innovation Ministerial, held this week in Foz do Iguacu, Brazil, where he emphasized the importance of balancing economic growth and energy security.
The meetings focused on sustainable energy policies and equitable energy transitions within G20 efforts to enhance international cooperation aimed at achieving environmental sustainability and supporting innovations in clean energy technologies.
Prince Abdulaziz emphasized the importance of balancing economic growth, energy security, and climate change mitigation. He highlighted the Kingdom's leadership in Carbon Capture, Utilization, and Storage (CCUS) technologies, as well as its commitment to leading by example in leveraging circular carbon economy technologies, and affirmed the Kingdom's ambition to become a global leader in the production and export of clean energy.
Prince Abdulaziz also outlined Saudi Arabia's efforts to increase its renewable energy capacity, which is expected to reach approximately 44 gigawatts by the end of 2024, and touched upon the establishment of a hydrogen production hub in Ras Al Khair Industrial City, along with a major carbon capture and storage project, which will have a capacity of 9 million tons annually by 2027.