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UAE: Pure Harvest announces progress in $4.5m seed funding round

UAE-based agricultural technology firm Pure Harvest Smart Farms has announced progress towards the completion of a $4.5m seed funding round to finance a pilot greenhouse.

The company, which announced a $1.1m investment from Abu Dhabi’s Shorooq Investments in October, plans to establish a 3.3-hectare farm site in Nahel where it will establish the country’s first high-tech commercial-scale greenhouse for year-round tomato production.

Pure Harvest said it had circled roughly 60 per cent of the round in addition to securing investments from its advisory board, for which it announced several new appointments.

Pure Harvest said the new appointments would help with technology selection, operational execution, legal structuring, corporate development, and strategy as the Company expands its footprint across the Middle East.

Read more at Gulf Business

Publication date: 6/19/2017

 


 

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