FOOD TECH VALLEY TO HELP BUILD FUTURE OF FARMING
▶ Sheikh Mohammed bin Rashid launches hub to attract start-ups and industry experts
Dubai launched a major food technology hub set to be a global destination for enterprising businesses and a key driver of the emirate’s economy.
Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, unveiled the forward-thinking Food Tech Valley yesterday.
He said it would help further develop vertical farming and other advanced agriculture technologies and bolster the UAE’s food security.
The state-of-the-art centre aims to triple the UAE’s food production and make the country more self-sustainable.
It was developed through a partnership between the Ministry of Food and Water Security and Wasl Properties.
“We launched the first phase of Food Tech Valley, a new modern and vibrant city that will serve as a global destination for start-ups and industry experts in the food ecosystem,” Sheikh Mohammed said.
“It will host R&D facilities, an innovation centre, a smart food logistics hub and areas for vertical farming.
“The UAE’s food trade exceeds Dh100 billion [$27.22bn] annually. Our country is a global food logistics hub, and we will work to create a nurturing environment for agribusinesses to develop new farming technologies and enhance our future food security.
“Food Tech Valley is part of a series of projects that aim to sustain the UAE’s food, water and agricultural systems in line with the National Food Security Strategy. Food and medicine represent strategic sectors that help us ensure a prosperous and sustainable future for the next generation.” Sheikh Mohammed was joined at the launch by Sheikh Hamdan bin Rashid, Crown Prince of Dubai, and Minister of State for Food Security Mariam Al Mheiri.
Ms Al Mheiri said Food Tech Valley was critical to the goal of achieving self-sufficiency and conserving essential resources.
“The Food Tech Valley project represents an instrumental stride towards enhancing food security and will serve as a global destination for expertise in the entire food ecosystem,” she said.
“It will also be an economic zone, which is particularly significant considering that the size of the AgTech market is projected to grow from $13.5bn to $22bn over the next four years.
“The project features a food innovation centre that has been designed to resemble a head of wheat and will incorporate laboratories, research centres and prototype agricultural systems. Strategically located close to universities and academic institutions, it will support the R&D ecosystem and explore and deliver sustainable solutions around food.”