–
- Saudi AgriTech startup Arable secures USD 2.55M in funding.
- This initiative supports Saudi Vision 2030 goals for food security and reduced imports.
- The startup’s locally designed systems are cost-effective and designed for the dry and hot climate of Saudi Arabia.
- Arabel hopes to see Saudi Arabia as a regional leader in the field of sustainable agriculture.
To enhance hydroponic farming, Saudi-based AgriTech startup Arable raised $2.55 million in seed funding. The startup was Co-founded by Lawrence Ong (CEO) and Christina Khalife (COO), with Executive Partners Marc and Anthony Eid.
Improving Saudi Agriculture with Hydroponics
With this investment, Arable aims to drive innovative solutions specifically designed to meet the Kingdom’s agricultural needs. 90% of the investment came from foreign investors which shows a great global confidence in KSA’s agricultural transformation.
The systems used by Arable are specifically optimized to survive Saudi Arabia’s dry climate which provides sustainable and affordable solutions to meet the kingdom’s needs.
There are many key features that make Arable’s technology special. With its four times faster setup, facilities can be built with less time and 2.5 times lower operating costs compared to other traditional methods.
Arable’s approach focuses on local sourcing, with 80% of components manufactured or sourced within Saudi Arabia.
Vision 2030
Aligning with the kingdom’s vision 2030 goals to achieve agricultural self-sufficiency, Arabel reduces the reliance on imports and works on improving domestic food production as an alternative solution.
The startup aims to see Saudi Arabia as a regional leader in the field of sustainable agriculture. This process is backed and supported by the government to set a benchmark for agricultural innovation in the region.
If you see something out of place or would like to contribute to this story, check out our Ethics and Policy section.