The Saudi Public Investment Fund announced a new vertical farming project Wednesday, a modern urban concept of growing crops in vertically stacked indoor spaces.
The sovereign wealth fund's joint venture with US-based AeroFarms will build vertical farms in Saudi Arabia and elsewhere in the Middle East and North Africa. It set a production target of 1.1 million kilograms (2.4 pounds) of crops per year for the venture’s first farm in Saudi Arabia, the Public Investment Fund said in a press release.
