{"id":859,"date":"2025-01-21T06:19:37","date_gmt":"2025-01-21T06:19:37","guid":{"rendered":"https:\/\/ksa.fintechnews.media\/?p=859"},"modified":"2025-02-28T15:02:27","modified_gmt":"2025-02-28T12:02:27","slug":"saudi-agritech-arable-closes-2-55-million-seed-round-to-revolutionize-agriculture-in-saudi-arabia","status":"publish","type":"post","link":"https:\/\/ksa.fintechnews.media\/?p=859","title":{"rendered":"Saudi agritech Arable closes $2.55 million Seed round to Revolutionize Agriculture in Saudi Arabia"},"content":{"rendered":"\r\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.arablefoods.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Arable,<\/a> a Saudi-based AgriTech startup co-founded by Lawrence Ong (CEO) and Christina Khalife (COO), with the collaboration of Executive Partners Marc and Anthony Eid, has announced the successful closure of a $2.55 million (SAR9.75 million) Seed funding round to pioneer sustainable hydroponic farming in the Kingdom. The round included participation from institutional and private investors, with 90% of the funding coming from foreign investors and being deployed within Saudi Arabia to advance the Kingdom\u2019s agricultural sector.\u00a0<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">A Homegrown Solution for Saudi Arabia\u2019s Agriculture Needs Arable is redefining agriculture in the Kingdom by designing, manufacturing, and operating hydroponic vegetable farming systems tailored specifically for Saudi Arabia\u2019s unique climate. Unlike many hydroponic technologies imported from the West\u2014where conditions such as low sunlight and moderate temperatures are drastically different\u2014Arable\u2019s systems are engineered to thrive in the arid, high-temperature environment of Saudi Arabia and the wider GCC region.\u00a0<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">Arable\u2019s innovative approach allows facilities to be set up 4x faster, 4x cheaper, and operate at 2.5x lower cost compared to existing hydroponic solutions in the region.<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">Additionally, 80% of the system\u2019s components can be sourced or manufactured locally within the Kingdom, significantly reducing dependency on foreign equipment and expertise.\u00a0<\/p>\r\n\r\n\r\n\r\n<h2><strong>Saudi Arabia as a Global Agricultural Hub\u00a0<\/strong><\/h2>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">Arable aims to contribute to Saudi Arabia\u2019s agricultural transformation by providing a sustainable and scalable solution for growing fruits and vegetables. This initiative aligns with Vision 2030\u2019s goals of reducing food imports and boosting local food production. The company envisions a future where Saudi Arabia not only achieves self-sufficiency in vegetable production but becomes a regional exporter of high-quality fresh produce.\u00a0<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">\u201cThe Saudi Ministry of Investment supports foreign investment and local innovation by streamlining the investor journey and ensuring a seamless experience. At MISA, we facilitate various initiatives and strategies aligned with Vision 2030, supporting the growth of businesses across all sectors, including those such as Arable, which address critical needs such as food security,\u201d remarked Mohammad Abahussain, Deputy Minister at the Ministry of Investment.\u00a0<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">\u201cSaudi Arabia offers an unparalleled ecosystem for startups like Arable to thrive. Thanks to the support of organizations such as the Ministry of Environment, Water, and Agriculture (MEWA), the Ministry of Investment (MISA), the National Technology Development Program (NTDP), and the General Authority of SMEs (Monshaat), we\u2019ve been able to scale rapidly and bring innovation directly into the Kingdom,\u201d explained Lawrence Ong, CEO of Arable.\u00a0<\/p>\r\n\r\n\r\n\r\n<h2><strong>A Collaborative Vision for Saudi Agriculture\u00a0<\/strong><\/h2>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">Arable\u2019s efforts have been bolstered by strategic partnerships and government support, which are helping the company push the boundaries of what\u2019s possible in the region\u2019s agricultural sector.\u00a0<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">&#8220;Arable&#8217;s impressive achievement in raising significant funding, with a majority from international investors, highlights the innovative potential of Saudi Arabia&#8217;s agricultural sector. Their hydroponic system, designed specifically for local conditions at a substantially reduced cost and with most components sourced locally, sets a new standard for efficiency and sustainability. We are proud to have them as part of the Sunbulah platform, as this startup not only enhances our agricultural self-sufficiency but also attracts global interest, aligning perfectly with our vision for a diversified economy,\u201d said Dr. Ali Alsabhan, General Manager of Entrepreneurship at MEWA.<\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>Arable, a Saudi-based AgriTech startup co-founded by Lawrence Ong (CEO) and Christina Khalife (COO), with the collaboration of Executive Partners Marc and Anthony Eid, has announced the successful closure of a $2.55 million (SAR9.75 million) Seed funding round to pioneer sustainable hydroponic farming in the Kingdom. The round included participation from institutional and private investors, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":860,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","footnotes":""},"categories":[254],"tags":[9],"class_list":["post","format-standard"],"acf":[],"_links":{"self":[{"href":"https:\/\/ksa.fintechnews.media\/index.php?rest_route=\/wp\/v2\/posts\/859","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ksa.fintechnews.media\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ksa.fintechnews.media\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ksa.fintechnews.media\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ksa.fintechnews.media\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=859"}],"version-history":[{"count":3,"href":"https:\/\/ksa.fintechnews.media\/index.php?rest_route=\/wp\/v2\/posts\/859\/revisions"}],"predecessor-version":[{"id":2819,"href":"https:\/\/ksa.fintechnews.media\/index.php?rest_route=\/wp\/v2\/posts\/859\/revisions\/2819"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ksa.fintechnews.media\/index.php?rest_route=\/wp\/v2\/media\/860"}],"wp:attachment":[{"href":"https:\/\/ksa.fintechnews.media\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ksa.fintechnews.media\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ksa.fintechnews.media\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}