Abu-Dhabi-based Pure Harvest Smart Farms’ acquisition set to double production capacity in Saudi Arabia

Abu Dhabi's Pure Harvest Smart Farms is set to acquire a six-hectare agricultural facility near Riyadh, currently operated by Saudi agritech company RedSea, according to a company statement. The acquisition aims to double Pure Harvest’s production capacity in Saudi Arabia and to facilitate RedSea’s transformation into a “pure-play Agri-Climate technology company.” Pure Harvest will take over operations from January, The National reports.

Pure Harvest Smart Farms will also acquire a 40-hectare land bank near the current production facility in partnership with the Ajaweed farm. This will allow the company to expand its farm area, and to develop up to 28 more hectares for agricultural production.

What they said: “We always planned a transition from farm ‘operator’ to a pure play technology company,” RedSea co-founder Ryan Lefers said.

About RedSea: RedSea is a Saudi agritech firm established in 2018 specializing in proprietary technology designed to enhance commercial farming techniques for warm climates. It raised some USD 18.5 mn last year to expand its fresh produce line and to expand its sale of technology to producers in harsh, arid environments. The company’s sustainably grown produce has been served on Saudia flights since last year.

About Pure Harvest Smart Farms: Established in 2016, Pure Harvest utilizes tech to offer advanced agricultural and controlled-environment techniques to address significant regional issues such as food security, water conservation, economic diversification, and sustainability.