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AeroFarms, the commercial leader in fully-controlled indoor vertical farming, growing unique varieties of leafy greens with a minimal environmental impact and enhanced food safety profile, expanded into the Middle East – opening a new R&D facility in the UAE and announcing plans to build indoor farms throughout the region, supported by a joint venture with PIF and financing from Doha Ventures to build a farm in Qatar.
Climate change and the commensurate changes in the volatility of weather are driving interest in indoor agriculture, despite a shaking out within the industry as companies not able to grow indoors profitably are struggling to finance their facilities in a more hostile capital environment.
By bringing its new state-of-the-art farm in Danville, Virginia, to profitability by year-end, expanding in the US and the Middle East and by raising further capital, AeroFarms can look to 2023 as a key year to scale its operations, broadening the reach of its premium microgreen product, highly valued by consumers and key grocers for its nutrient density, high flavour