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Dubai’s Food Tech Valley & ReFarm Plan Hi-Tech Gigafarm
The “vertical farm” venture is expected to be operational by 2026 and will be capable of replacing 1% of UAE fresh produce imports.
Food Tech Valley, a Dubai-based technology center designed to address food security, has entered a partnership with the ReFarm group to build a gigafarm capable of growing over three million kilograms of produce annually.
The project, which starts in mid-2024, aims to help decarbonize UAE food production, replacing 1% of the country’s fresh produce imports. Both parties signed an agreement at this year’s COP28, which should see the 83,612-square-meter farm becoming fully operational by 2026.
As well as producing vast quantities of food, the high-tech farm will be capable of recycling over 50,000 tons of food waste each year while growing two billion plants.
“Rethinking our food production systems is a clear priority, and the decision of ReFarm to launch a facility in Dubai’s Food Tech Valley is a significant step forward for the development of a technologically advanced, low-carbon agricultural sector,” said Dr Thani Al Zeyoudi, UAE Minister of State for Foreign Trade.
The gigafarm will be split into four zones: Agritech and engineering, food innovation, research and development, and smart food logistics. In addition, the site will become a closed-loop circular waste-to-value system, maximizing resources and preventing waste from entering landfills by creating organic compost.
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“This is one of many transformative projects which is set to be part of Food Tech Valley, which will have a significant impact on the UAE’s food security, maximizing the use of precious resources and decarbonizing the food supply chain,” explained Hesham Al Qassim, chief executive of Wasl Asset Management Group, which is developing the project alongside the Ministry of Food and Water Security.
Technologies used at the gigafarm are expected to recover 90% of the ammonia sulfate from wastewater, and no mains or groundwater connection will be required for the vertical farm to produce fresh produce. Developers claim the site will be 98% more efficient than traditional field-based farming.
News
Altegio Expands To UAE, Driving Digital Transformation For Local Businesses
The company aims to enhance efficiency for local service businesses, aligning with the UAE’s ambitious digital economy plan for 2031.
Altegio, a digital business ecosystem featuring sophisticated online booking and management solutions, has announced its entry into the UAE market, aiming to enhance operational efficiency and accelerate digital adoption for local enterprises.
This expansion also complements the UAE’s Digital Economy Strategy, which aims to increase the digital economy’s share in the nation’s non-oil GDP to over 20% by 2031. Projections indicate the UAE’s digital sector could contribute an estimated $140 billion by 2032, highlighting the region’s commitment to fostering a modern, tech-driven economy.
Altegio’s platform offers over 30 distinct management tools that automate as much as 80% of routine business operations. Its suite of services includes online booking options, a customizable mobile app, robust financial and inventory management, analytics, SMS and email marketing, and a customer loyalty program.
Altegio’s key differentiator lies in its customer-focused approach to business automation. Unlike many platforms that redirect customers to external sites, potentially exposing them to competitor services, Altegio’s booking system is embedded directly within each company’s own ecosystem. This prevents “cannibalization” of clients and enhances customer loyalty by maintaining a consistent, secure experience.
Also Read: Google Launches Largest AI Initiative In The MENA Region
“Our expansion into the UAE is a strategic move that aligns with the country’s ambitious digital transformation agenda,” explained Yri Petrou, Managing Partner at Altegio. “We are excited to support UAE businesses in embracing digital transformation across their operations. By providing a comprehensive suite of business automation tools, we aim to not only accelerate operational efficiency but also redefine how businesses engage with customers”.
Founded in 2022, Altegio operates as a network of independent firms with offices in the UAE, Brazil, Hungary, Cyprus, Armenia, and several other nations. Each regional hub integrates local partners and technologies to enhance Altegio’s core offerings. The company’s impact includes an annual gross merchandise volume (GMV) of $1 billion, a client base of over 10,000 across 89 countries, and more than 4 million bookings each month on its platform.