KAUST startup spinout Red Sea Farms closes $1.9 million investment

Summary

Red Sea Farms, a KAUST spinout specializing in saltwater greenhouse technology, secured $1.9 million in co-investment from the KAUST Innovation Fund and Research Products Development Company (RPDC). Their system uses saltwater to grow crops, reducing freshwater and energy requirements up to tenfold. The investment will enable the company to build a 2,000 square meter saltwater greenhouse on the KAUST campus, with a goal of producing 50 tons of tomatoes annually by 2020. Why it matters: This investment supports sustainable agriculture innovation in the water-scarce Middle East, offering a model for reducing the environmental impact of food production.