Wednesday 13 November 2024
 
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Food Tech Valley seals strategic partnerships with top global investors

DUBAI, 5 days ago

UAE's Food Tech Valley has forged strategic partnerships with major international investors to support the country's National Food Security Strategy 2051 and the "Plant the Emirates" programme. 
 
These partnerships will help enhance national and international food security, develop innovative agricultural technologies, and engage the private sector in ensuring sustainable food production.
 
Food Tech Valley, integral to the UAE's national food security vision and the "Plant the Emirates" initiative was launched by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, aimed at transforming agriculture through hydroponic, aeroponic and vertical farming technologies. 
 
By boosting local food production and reducing reliance on imports, the project now yields over 300 products, enhancing its capacity to meet growing demand within the UAE and internationally.
 
Food Tech Valley signed several key agreements with major international investors and leading agricultural and food production companies including Badia Farms, Spinneys, French Bakery, and Golden Leaf Farm, thus demonstrating strong investor confidence in the project's potential to drive growth in sustainable food production. 
 
Furthering public-private collaboration, procurement contracts were also signed with Fit Fresh, Reform, and Imdaad to enhance food production and supply chain operations.
 
Amna bint Abdullah Al Dahak, Minister of Climate Change and Environment, said the strategic partnerships forged within the Food Tech Valley project represent a turning point in the UAE's pursuit of sustainable food security. 
 
"By developing smart infrastructure that embraces global technological advancements and fostering collaborative partnerships for sustainable eco-solutions, we can protect our natural resources and mitigate the impact of climate change on agriculture,” she said.
 
The minister emphasized that the next phase requires strategic thinking focused on leveraging advanced technologies to create effective and innovative food production systems. 
 
"We are confident that Food Tech Valley will be a landmark achievement in our drive for food sustainability, empowering future generations with smart solutions that balance economic growth and environmental protection," she added.
 
Hesham Abdulla Al Qassim, CEO of Wasl Group said: "Food Tech Valley represents an ambitious vision that seeks to go beyond conventional solutions to food production challenges and towards building an agricultural ecosystem based on innovation and minimizing waste."
 
"It confirms that the UAE is not just a destination for investment, but a platform for pioneering models that can transform the future of agriculture both regionally and globally," stated Al Qassim.
 
"These partnerships will empower farmers and entrepreneurs with access to the latest smart farming innovations, boosting productivity and promoting sustainability. Our commitment is to provide effective solutions that contribute to a robust and sustainable food system capable of meeting future demands while protecting our natural resources and the environment," he added.-TradeArabia News Service



Tags: investors | partnership | Food Tech Valley |

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