Riyadh – Mubasher: The National Agricultural Development Company (NADEC) has signed a memorandum of understanding (MoU) with Pure Harvest Smart Farms Company to build and operate approximately six-hectare high-tech hydroponic climate-controlled greenhouses as a first phase within NADEC City in Haradh.
This comes in a bid to produce and supply high-quality fresh vegetables and fruits to the Saudi Arabian market, according to a bourse statement on Wednesday.
The MoU will mature after 150 days from the signing date.
Moreover, the deal’s financial impact will be provided upon signing the final agreement, NADEC said.
