PIF and AeroFarms sign joint venture agreement to build indoor vertical farms in Saudi Arabia and the wider MENA region

• PIF and US-based AeroFarms plan to build and operate in Saudi Arabia the largest indoor vertical farm of its kind in the MENA region, utilizing the latest technologies with an annual production capacity of up to 1.1 million kgs of crops
• Vertical farming is expected to boost regional food supply through increased production of sustainable, locally produced high-quality crops

RIYADH-KSA:– The Public Investment Fund (“PIF”) today signed a…