Dubai - Mubasher: The Mohammed bin Rashid Innovation Fund (MBRIF) has announced a disbursement of AED 5.5 million to Pure Harvest.
The fund will be deployed towards construction and pre-production of Pure Harvest’s foundational, high-tech greenhouse in Nahel.
Pure Harvest, founded in October 2016, is a regional innovator in sustainable agriculture that aims to address food security issues and water scarcity in the UAE while achieving resource efficiency and overcoming local climate challenges.
The company focuses on the production of greenhouse fruits and vegetables in arid climates using world-leading Dutch hydroponics and climate management technologies.
The Mohammed bin Rashid Innovation Fund (MBRIF) is operated by the Emirates Development Bank (EDB), and it was founded to financially support entrepreneurs, as well as small and medium enterprises (SMEs) with unique and innovative ideas in the UAE.
