Saudi agritech Arable closes $2.55 million Seed round

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• Saudi agritech startup, announced the successful closure of a $2.55 million seed funding.
• This investment, largely from foreign sources.
• Saudi Arabia offers an unparalleled ecosystem for startups like Arable.
• With the global agricultural technology market projected to reach $33.6 billion by 2032.

Saudi agritech startup Arable , announced the successful closure of a $2.55 million seed funding round, led by undisclosed investors.

This investment, largely from foreign sources, will be utilized to advance hydroponic farming within Saudi Arabia.

Faced with limited water resources and a harsh climate, Saudi Arabia grapples with significant agricultural challenges.

Hydroponics, a method of growing plants without soil using nutrient-rich water solutions, presents a promising solution to improve yields and conserve water.

Arable, founded by Lawrence Ong and Christina Khalife, aims to provide affordable and efficient hydroponic systems specifically designed for the Kingdom’s desert environment.

By cultivating plants without soil, Arable aims to reduce operational costs and accelerate plant growth.

“Saudi Arabia offers an unparalleled ecosystem for startups like Arable,” said Lawrence Ong, CEO of Arable. “The support from government entities such as the Ministry of Environment, Water, and Agriculture has been instrumental in our rapid growth.”

This initiative aligns with Saudi Vision 2030, a national development plan that aims to reduce food imports and increase local food production.

“Arable’s innovative approach, coupled with strong government support, has the potential to revolutionize agriculture in Saudi Arabia,” said Mohammad Abahussain, Deputy Minister at the Ministry of Investment.

This funding round underscores the growing interest in sustainable and innovative agricultural practices within the Kingdom.

With the global agricultural technology market projected to reach $33.6 billion by 2032, Arable is poised to play a significant role in shaping the future of agriculture in Saudi Arabia.

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