iFarm expands in the middle east as they announced that they are now headquartered in the United Arab Emirates (UAE), which is part of its expansion into the Middle East and its plan to reach the Asia-Pacific region. The UAE and the Gulf region are investing heavily in the agtech industry due to their reliance on imports to feed their growing demand for fresh, healthy food. The government’s support and investment in the sector contribute to its growth, and iFarm is poised to take advantage of this.
“I think this (middle east) is the most important region in the world that requires indoor farming right now. There are a lot of potential clients here. However, we continue to operate globally, and our valued clients in Europe, the Americas, and other regions will not be affected.” commented Maxim Chizov, iFarms’ co-founder & CBDO
The company’s facilities use cutting-edge technology and innovative approaches to provide fresh and healthy crops year-round.
In the region, the company already operates a farm and is currently constructing a new farm in Dubai:
- In Riyadh, Saudi Arabia, a new automated vertical farm using iFarm technology is set to launch. The farm, located in the capital city of Riyadh, with a population of over 8 million, covers an area of over 2000 m². The client, Green Basket, has rented a portion of the farm space, completed construction, and installation of the vertical farm equipment is underway. The farm will initially focus on producing leafy greens with a capacity of 4 300 kg/month, and microgreens will be added later with an output of 11 960 kg/month. The estimated total production capacity of the farm is 16 tons per month, with all products being sold on the domestic market, where there is high demand for fresh greens. The client plans to expand and build more vertical farms in Riyadh and other cities in Saudi Arabia to provide ultra-fresh, safe food to the population.
- SpaceFarm and iFarm are collaborating on a new vertical farm in Dubai using iFarm Leafy Greens technology. The facility, commissioned by private investors, will be integrated into a former warehouse building with a total area of 354 m² and a ceiling height of 7.5 m. The farm will have 44 racks, including 4 for seedlings, 20 for salads, and 20 for microgreens, with a total of 576 shelves and a production capacity of 3.2 tonnes per month. The indoor farm will grow to produce currently unavailable in the region and supply luxury restaurants, hotels, and major retail chains such as Waitrose, Carrefour, 7Eleven, and LuLu. In addition, the vertical farm will provide passive income for the private investors from selling the produce grown.
The MENA (Middle East and North Africa) region is a prime target for iFarm’s expansion. The region is home to 86 million people who need more healthy food, and iFarm sees significant potential for growth in this market. In addition, by providing fresh and healthy food year-round, iFarm is helping to tackle the challenge of food insecurity in the region and promoting healthy living.