Private equity deals in the Middle East have focused recently on selling more hamburgers and fizzy drinks to the Gulf’s fast-food obsessed population.
So a Dubai-based venture capital business seeking to introduce soilless farming technology that promises to deliver water savings of up to 90 per cent – potentially making desert farming viable – has a novel ring.
Agricel, founded by venture capitalists Yalman Khan and Kunal Wadhwani, aims to commercialise the research of Professor Yuichi Mori of Waseda University in Japan, who says his technology can increase food yields up to 50 per cent.
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