NEOM concludes the tour with a presentation of investment opportunities in Hong Kong

RIYADH: The push for food security in Saudi Arabia will get a boost as Tabuk Agricultural Development Co., also known as Tadco, signs an agreement to build high-tech greenhouses.

In a statement on the Saudi stock exchange Tadawul, the company outlined the signing of a memorandum of understanding with the Saudi Greenhouses Management and Agri Marketing Co. The aim is to establish a partnership for the construction and management of greenhouses tailored to the climatic conditions of the Kingdom. conditions.

High-tech greenhouses use technology to control conditions such as temperature, humidity, light and irrigation, optimizing plant growth and crop yield while conserving resources such as water and energy. They can also integrate sustainable practices, such as renewable energy and efficient water management, to reduce their impact on the environment.

Under the terms of the agreement, the entities will also work together to develop the marketing system, research high-quality varieties and grow them in Saudi Arabia. Additionally, the release stated their goal to “maximize the benefit of products through the manufacturing industry.”

Last week, Tadco signed a cooperation agreement with Topian, a subsidiary of the Saudi giant project NEOM, to innovate fruit and vegetable production.

The MoU, which aimed to leverage advanced agricultural technologies and practices to improve domestic food cultivation, was signed between the two agencies to establish a hydroponic greenhouse facility at the company’s site in Tabuk, located in northwestern Saudi -Arabia.

Hydroponics is the method of growing plants without soil and using minimal water sources. This type of production, designed with space efficiency in mind, can grow fruits, vegetables and flowers in half the time of traditional farming, while using 90 percent less water.

This will further support the Kingdom’s efforts in sustainable food production practices.

Under the terms of the MoU, Topian will contribute his expertise and assume key responsibilities such as the design, installation and operation of the hydroponic greenhouse.

Meanwhile, the deal will see Tadco play a crucial role in facilitating the success of the project by providing essential support and resources.

This includes identifying and allocating suitable agricultural land for the greenhouse, establishing distribution channels for offtake of products and providing infrastructure and labor support to ensure seamless project execution.

Both partnerships underscore Saudi Vision 2030’s goal of increasing food security through increased domestic production and sustainable agricultural practices.

This further underlines the country’s commitment to green initiatives. In January 2021, Al-Jouf Agricultural Development Co. launched. for example, the largest greenhouse complex in the Kingdom, which covers 12 hectares and uses the latest hydroponic technology.