Abu Dhabi is to build the world's largest indoor farm as part of a major drive to bolster the UAE's food security.
The GreenFactory Emirates aims to produce 10,000 tonnes of fresh food every year on a 17.5-hectare plot with a cultivation area spanning 160,000 square metres.
The forward-thinking project is being developed by Abu Dhabi's RainMaker Capital Investment in partnership with GrowGroup IFS from the Netherlands.
The hi-tech agriculture scheme has been hailed by Mariam Al Mheiri, Minister of State for Food Security, as "instrumental" to the nation's mission to become more self-reliant.
"The private sector play a vital role in the transition towards more sustainable food systems," she said.
"Private sector organisations have entrepreneurial traits that drive innovation. They possess the qualities necessary to disrupt existing non-sustainable agricultural systems."
"The UAE is applying concerted efforts to improve its domestic production of food, with agricultural technology – ‘AgTech’ – having a hugely important role to play.
"In fact, key targets of the government’s National Food Security strategy launched in November 2018 are to generate a 30 per cent yield improvement from technology-enabled production and for the UAE to become a world-leading hub in innovation-driven food security by 2051.
"Indoor farms such as GreenFactory Emirates are instrumental in helping us reach these goals."
Officials from both companies said the vast facility will boast a world-leading indoor growing system which combines vertical and flat farming and is able to overcome challenges typically posed by dry climates such as found in the Emirates.
Advanced farming methods will reduce water consumption by 95 per cent and cut carbon footprint by 40 per cent, a joint statement said.
As part of the ambitious plans, indoor farms are set to be built in other parts of the world affected by extreme climates.
Phase 1 of GreenFactory Emirates is due to be in operation prior to Expo2020 Dubai, which gets under way next October.
The innovative indoor farm is to be showcased at the high-profile global event.
Lody Embrechts, Dutch ambassador to the UAE, expects the Emirates to reap the rewards of knowledge cultivated in the Netherlands.
The embassy played a role in bringing businesses based in the Middle East and Europe together.
"The Netherlands has a lot to offer across all aspects of the food value chain," said Mr Embrechts.
"This flagship project is a symbol of the know-how and expertise available back home.
"As an embassy we are proud to have been able to contribute – within our means – to this project. We hope to intensify our co-operation with the UAE to further develop the local agriculture ecosystem."
Last month, Sheikh Mohammed bin Rashid said the challenges of the Covid-19 pandemic had highlighted the crucial need for the country to make its food and water security strategy a top priority.
The Vice President and Ruler of Dubai said ensuring the nation is self-sustainable and able to protect its resources would be key to its development in the post-coronavirus age.
“The Covid-19 pandemic has given us a better view and a bigger ability to deal with challenges," said Sheikh Mohammed during a meeting with Ms Al Mheiri.
"We have to build on this experience to enhance our food and water security.
“Our food and water security is part of our national security. And the sustainability and preservation of the level of comfort in the UAE requires us to enhance national awareness on the importance of preserving our resources and creating a self sufficient system.”
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 one: how cars came to the UAE
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Paatal Lok season two
Directors: Avinash Arun, Prosit Roy
Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong
Rating: 4.5/5
All Black 39-12 British & Irish Lions
'HIJRAH%3A%20IN%20THE%20FOOTSTEPS%20OF%20THE%20PROPHET'
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Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years
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
Springsteen: Deliver Me from Nowhere
Director: Scott Cooper
Starring: Jeremy Allen White, Odessa Young, Jeremy Strong
Rating: 4/5
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
The specs: 2018 Jeep Grand Cherokee Trackhawk
Price, base: Dh399,999
Engine: Supercharged 6.2-litre V8
Gearbox: Eight-speed automatic
Power: 707hp @ 6,000rpm
Torque: 875Nm @ 4,800rpm
Fuel economy, combined: 16.8L / 100km (estimate)
The stats
Ship name: MSC Bellissima
Ship class: Meraviglia Class
Delivery date: February 27, 2019
Gross tonnage: 171,598 GT
Passenger capacity: 5,686
Crew members: 1,536
Number of cabins: 2,217
Length: 315.3 metres
Maximum speed: 22.7 knots (42kph)
MATCH INFO
Uefa Champions League semi-final, second leg result:
Ajax 2-3 Tottenham
Tottenham advance on away goals rule after tie ends 3-3 on aggregate
Final: June 1, Madrid