US-based AeroFarms and Doha Venture Capital (DVC), the global venture capital arm of Qatar Free Zones (QFZ), have entered into a partnership in order to build a commercial indoor vertical farm in QFZ.
The new commercial indoor vertical farm in Qatar will deploy AeroFarms’ latest generation of the proprietary growing technology that achieves up to 390 times greater productivity per square meter annually, compared to traditional field farming.
AeroFarms’ endeavor in Qatar is set to pave the way for more local and international private sector companies in this field to expand their operations in QFZ and capitalize on the innovative technologies in place, as per the statement.
Ahmad al-Sayed Qatari Minister of State Chairman – QFZA
“AeroFarms is a pioneer in the food space and vertical farming, and we’re delighted to welcome them to Qatar Free Zones. Through this strategic partnership with the Ministry of Municipality and Doha Venture Capital, AeroFarms will join a rapidly growing community of innovators in the Food and Agritech cluster at QFZ, backed by world-leading logistical infrastructure and cold chain storage capabilities, as well as a shared commitment to technology, growth, and environmental awareness. Qatar Free Zones are a natural base for companies shaping the future of their industries, and we look forward to working with AeroFarms as they establish and scale in the region and beyond.”
Mr. David Rosenberg, Co-Founder and Chief Executive Officer of AeroFarms said that, “AeroFarms is committed to reimagining how and where our food is grown, and we are excited to expand further in Qatar as part of our longer-term commitment to the Middle East and North African region to enable local production and increase greater food resiliency.”
“QFZA and DVC are great partners that share a similar long-term vision for how AgTech can positively disrupt and transform our food system in the face of increased macro pressures with traditional field farming,” Mr. Rosenberg further added.
