Smartkas, an agricultural technology company in the Netherlands, and the Hamad Bin Khalifa Department of Projects have formed a joint venture to develop hi-tech farms in the UAE.
As part of the deal, Smartkas will transform the desert sand into “smart greenhouses” using the latest technology such as artificial intelligence, cloud computing, drones and robotics to help boost food security in the UAE and across the GCC, the two companies said on Sunday.
“Food security is among the top priorities for the Emirates, especially after the devastating impact of Covid-19. Our joint venture with Smartkas will bring about the future of agriculture in the UAE,” Sheikh Hamad Bin Khalifa, chairman of HBK DOP, said.
Smartkas, which recently gained recognition at a European start-up contest for its innovative agricultural solutions, is planning to build a research and development centre in Toulouse, France, to carry out research on artificial pollination, full automated harvests and new generation farming based on AI.
“The mission of Smartkas is to make access to food and water a basic human right. This is why we partner up with the market leaders instead of competing with them; we focus on sharing and scaling together,” said David Meszaros, chief executive and founder of Smartkas.
HBK DOP was founded by Sheikh Hamad to handle project investments and enter into joint venture partnerships that focus on sustainability and job creation.
The Dubai company intends to develop projects in the Middle East, Africa, India, Russia, Central Asia, Hong Kong and Mexico.
Food security was priority for many Gulf nations even before the onset of the coronavirus pandemic, which disrupted global supply chains.
Gulf countries import as much as 90 per cent of the food they consume, according to think tank Chatham House.
Earlier this year, Pure Harvest Smart Farms, an Abu Dhabi agricultural technology company, secured a multistage investment commitment of $100 million from Kuwait's Wafra International Investment Company to fund hiring and a massive expansion of its sustainable greenhouses in Kuwait and across the wider region, including the UAE and Saudi Arabia.
The UAE is also focused on developing the sector.
Last year, Abu Dhabi launched a Dh1 billion ($272m) programme to support the establishment of agri-tech companies in the emirate, as part of the Ghadan 21 stimulus package.
The programme involves both cash and non-cash incentives being made available to make it easier for both local and global agri-tech companies to expand.
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Five personal finance podcasts from The National
To help you get started, tune into these Pocketful of Dirham episodes
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Balance is essential to happiness, health and wealth
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What is a portfolio stress test?
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What are NFTs and why are auction houses interested?
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How gamers are getting rich by earning cryptocurrencies
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Should you buy or rent a home in the UAE?
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
TO A LAND UNKNOWN
Director: Mahdi Fleifel
Starring: Mahmoud Bakri, Aram Sabbah, Mohammad Alsurafa
Rating: 4.5/5
UAE rugby in numbers
5 - Year sponsorship deal between Hesco and Jebel Ali Dragons
700 - Dubai Hurricanes had more than 700 playing members last season between their mini and youth, men's and women's teams
Dh600,000 - Dubai Exiles' budget for pitch and court hire next season, for their rugby, netball and cricket teams
Dh1.8m - Dubai Hurricanes' overall budget for next season
Dh2.8m - Dubai Exiles’ overall budget for next season
Crazy Rich Asians
Director: Jon M Chu
Starring: Constance Wu, Henry Golding, Michelle Yeon, Gemma Chan
Four stars
Benefits of first-time home buyers' scheme
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A cheaper choice
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