Photo: Silal
Photo: Silal
Photo: Silal
Photo: Silal

Abu Dhabi's ADQ to focus on vegetable gene editing as it seeks stake in seeds company


Dana Alomar
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ADQ, Abu Dhabi's wealth fund, plans to acquire a 35 per cent stake in France's Limagrain Vegetable Seeds as the UAE enters a research-intensive phase to transform farming and reduce reliance on food imports.

As part of the deal, ADQ's agritech company Silal and Limagrain Vegetable Seeds plan to establish a research and development partnership to create a joint venture focused on desert-adapted vegetable genetics.

The venture will focus on developing vegetable seeds suited to extreme heat, drought and salinity conditions, ADQ said.

The UAE imports between 80 and 90 per cent of its food, one of the highest rates globally, according to the World Economic Forum.

The country's National Food Security Strategy 2051 sets the deadline for producing 50 per cent of food locally.

The financial details of the deal, which is subject to regulatory approval, were not disclosed.

Long-term R&D

"This is very much in a research and development phase right now," said Gil Adotevi, group chief investment officer at ADQ.

"There's a closure period that will take us easily to the end of the year. That's when the deal is effectively consummated and when we become an investor in the company. We expect to start seeing it [on farms] a year to a couple of years after that," he told The National.

The research and development will take place at Silal's Innovation Oasis in Al Ain in collaboration with Limagrain Vegetable Seeds' global experts.

The process will include screening, controlled trials and field performance testing under UAE-specific environmental conditions.

"Collaboration with local farmers will begin once a suitable, high-performing seed variety is identified and ready for commercialisation," Mr Adotevi said.

Silal supports farmers by aggregating produce to negotiate better commercial terms with supermarkets, and by offering technology and solutions, including commercially sourced seeds, soil enhancement and water-saving measures, he said.

The project will initially focus on crops such as cucumbers, tomatoes and melons, using gene selection and editing techniques, rather than genetic modification, to enhance desirable traits.

"This is not genetic modification," Mr Adotevi said. "It's mainly about selecting, finding and editing genes that bring certain traits out. So we're not creating something new here."

Why seed innovation matters

The UAE grapples with some of the harshest farming conditions in the world.

"The UAE and the wider Gulf region contend with a range of environmental factors that shape their approach to food production, including limited arable land, an arid climate with high temperatures and evapotranspiration rates, elevated soil salinity, and decreasing freshwater resources," Antonios Vouloudis, senior director of sustainability and stewardship at NYU Abu Dhabi, told The National.

Agriculture consumes around 60 per cent of the UAE's water supply, but meets only a fraction of the country's food demand, according to the Ministry of Energy and Infrastructure.

In some areas, groundwater reserves, which farmers rely on for irrigation, are declining by about one metre annually.

While the UAE has made significant investment in vertical farming and hydroponics, seed innovation is viewed as crucial to expanding traditional agriculture in the desert, Mr Vouloudis said.

"It focuses on developing varieties resilient to heat, drought and salinity, which is essential for expanding food security beyond niche produce and complementing controlled environment agriculture approaches."

Impact beyond the UAE

Better seeds could help lower production costs and ultimately benefit consumers, says Mr Adotevi.

"For the same piece of land, instead of producing 100kg of something, you end up producing 200kg," he said.

"That means your cost comes down, and it translates into a lower cost of fruit and vegetables to the local economy."

The benefits could extend beyond national borders. "We do expect that what we develop today here will have a great impact in the world. Africa, the Middle East, Asia, southern Europe and Central America: these are all areas that are experiencing water stress and heat conditions similar to what we have today," Mr Adotevi said.

Mr Vouloudis added that the UAE's agritech system is designed for "the testing, scaling, and export of desert-farming innovations to other arid regions globally", particularly across Mena, Central Asia and Africa.

The UAE's ambitions echo initiatives elsewhere. In Jordan and Qatar, the Sahara Forest Project, launched in 2011 by Norwegian non-profit The Bellona Foundation, has combined seawater-cooled greenhouses with renewable energy to produce vegetables in arid environments and restore degraded land.

In Oman, seawater greenhouse systems, tested since the early 2000s, have demonstrated at pilot scale the ability to produce fresh water and grow crops such as tomatoes and cucumbers in desert conditions.

"We're going to see a lot more technology, a lot more precision agriculture 20 years from now, and that's what we're investing in," Mr Adotevi said.

Who are the Soroptimists?

The first Soroptimists club was founded in Oakland, California in 1921. The name comes from the Latin word soror which means sister, combined with optima, meaning the best.

The organisation said its name is best interpreted as ‘the best for women’.

Since then the group has grown exponentially around the world and is officially affiliated with the United Nations. The organisation also counts Queen Mathilde of Belgium among its ranks.

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BULKWHIZ PROFILE

Date started: February 2017

Founders: Amira Rashad (CEO), Yusuf Saber (CTO), Mahmoud Sayedahmed (adviser), Reda Bouraoui (adviser)

Based: Dubai, UAE

Sector: E-commerce 

Size: 50 employees

Funding: approximately $6m

Investors: Beco Capital, Enabling Future and Wain in the UAE; China's MSA Capital; 500 Startups; Faith Capital and Savour Ventures in Kuwait

Villains
Queens of the Stone Age
Matador

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

UK's plans to cut net migration

Under the UK government’s proposals, migrants will have to spend 10 years in the UK before being able to apply for citizenship.

Skilled worker visas will require a university degree, and there will be tighter restrictions on recruitment for jobs with skills shortages.

But what are described as "high-contributing" individuals such as doctors and nurses could be fast-tracked through the system.

Language requirements will be increased for all immigration routes to ensure a higher level of English.

Rules will also be laid out for adult dependants, meaning they will have to demonstrate a basic understanding of the language.

The plans also call for stricter tests for colleges and universities offering places to foreign students and a reduction in the time graduates can remain in the UK after their studies from two years to 18 months.

Global institutions: BlackRock and KKR

US-based BlackRock is the world's largest asset manager, with $5.98 trillion of assets under management as of the end of last year. The New York firm run by Larry Fink provides investment management services to institutional clients and retail investors including governments, sovereign wealth funds, corporations, banks and charitable foundations around the world, through a variety of investment vehicles.

KKR & Co, or Kohlberg Kravis Roberts, is a global private equity and investment firm with around $195 billion of assets as of the end of last year. The New York-based firm, founded by Henry Kravis and George Roberts, invests in multiple alternative asset classes through direct or fund-to-fund investments with a particular focus on infrastructure, technology, healthcare, real estate and energy.

 

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Updated: June 26, 2025, 9:46 AM