Plenty and Mawarid formed a $680m joint venture.

Plenty, a vertical farming company, and Mawarid, a private Saudi investment company, formed a $680m joint venture. "Mawarid has increasingly focused on adopting cutting-edge technologies in support of the UAE mandate to build innovative food security capabilities. Our global search for a sustainable solution to the challenges we face in the Middle East led us to the incredible team at Plenty. This joint venture enables us to leverage the most advanced farming technology in the world to grow local food supply throughout the GCC, beginning with our home market in Abu Dhabi, while preserving our precious natural resources," Mr. Kashif Shamsi, Mawarid Group CEO.