This article discusses conscious investing and its potential in the Middle East, particularly in light of unprecedented market conditions. It argues that investments should align with values and aim for positive global impact, moving beyond solely maximizing shareholder value. Conscious investing can be as profitable as traditional investing while addressing social and environmental challenges. Why it matters: The piece advocates for integrating ethical considerations into investment strategies within the region, which could lead to more sustainable and socially responsible economic development.
KAUST, VentureSouq, startAD, and Tamkeen have partnered to launch the first Conscious Investor Fellowship in the GCC. The six-week virtual program aims to enable regional investors to create sustainable change through high-impact investments. The fellowship will host 25 investors from family offices, corporations, and government entities. Why it matters: The program aims to empower mission-driven investors in the region and accelerate investment in technology-driven startups addressing societal, economic, and environmental challenges.
KAUST's Impact magazine highlights advancements in health, sustainability, and renewable energy. The third edition showcases research, education, and innovation translated to society, government, and industry. It covers health advances on pages 33 and 37, sustainability on page 20, and renewable energy on pages 17 and 18. Why it matters: The magazine demonstrates KAUST's role in fostering Saudi Arabia's innovation and research ecosystem through various engagements.
An article from KAUST discusses the impact of the COVID-19 pandemic on entrepreneurship, drawing parallels with past economic crises. It suggests that while economic stress makes funding difficult, it also creates opportunities for innovation and new ventures. The article highlights how companies like Uber and Airbnb emerged after the 2008 financial crisis by offering solutions to financially stressed individuals. Why it matters: The piece provides a useful perspective on how crises can spur innovation and entrepreneurship in the GCC region, relevant for policymakers and investors.
Edama Organic Solutions received $780,000 USD seed investment from the KAUST Innovation Fund. KAUST has also signed a contract to build a commercial-scale composting facility for Edama on its Thuwal campus, with a recycling capacity of 5,500 tons. Edama will manufacture and sell products, including Edama Desert Compost and Edama Palm Peat. Why it matters: This initiative promotes sustainable waste management practices in Saudi Arabia by turning organic waste into valuable soil improvement products tailored for desert environments.
Red Sea Farms, a Saudi AgTech company based at KAUST, secured a $10 million venture capital investment from Saudi and UAE investors. Their technology enables commercial farming using primarily saltwater, reducing freshwater consumption by 85-90%. The funding will be used to expand operations in Saudi Arabia, building more than six hectares of commercial farming facilities. Why it matters: This investment signals growing interest in sustainable AgTech solutions within the Gulf region to enhance food security and combat supply chain disruptions.
Doug Greenig, Group CEO and CIO of Florin Court Capital based in London and Abu Dhabi, discussed macro trends in 2024 and beyond. Florin Court's Programme has delivered strong returns since 2017, capturing macro themes through alternative markets. Prior to founding Florin Court, Doug held leadership roles at Man/AHL, Fortress Investment Group, and Goldman Sachs. Why it matters: The presence of a leading systematic asset manager like Florin Court in Abu Dhabi signals the growing importance of the UAE as a hub for sophisticated financial firms leveraging AI and quantitative strategies.
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.