Investment Details
The round, totaling SAR 9.75 million, included participation from institutional and private investors, with 90 % of capital provided by foreign investors. Funds are earmarked for local deployment to design, manufacture, and operate controlled-environment hydroponic farms optimized for arid climates [1][2].
Partnership and Government Support
Arable's co-founders, Lawrence Ong (CEO) and Christina Khalife (COO), highlighted support from government agencies including the Ministry of Investment (MISA), the Ministry of Environment, Water and Agriculture (MEWA), the National Technology Development Program (NTDP), and the General Authority of Small and Medium Enterprises (Monshaat) as instrumental to scaling operations [2].
Deputy Minister Mohammad Abahussain (MISA) noted ongoing initiatives under Vision 2030 to streamline foreign investment and bolster food security through technology-driven agriculture [2].
Contribution to Industry Growth
The financing is expected to facilitate faster facility setup-up to four times quicker and 4× cheaper than existing solutions-and reduce operational costs by 2.5×. By sourcing 80 % of components locally, the round may stimulate domestic manufacturing and knowledge transfer within the hydroponics sector [2].
Contact Information
Arable: sales@arablefarms.com
Open in new tab; +966 50 881 2337 [4]
Ministry of Investment (MISA): InvestorCare@misa.gov.sa
Open in new tab; +966 11 203 5888; Toll-free 800 244 9990 [3]
Ministry of Environment, Water and Agriculture (MEWA): info@mewa.gov.sa
Open in new tab; +966 11 203 8888 [5]
Citations
[1] Arable Raises $2.55M to Expand Hydroponic Farming Solutions - https://saudifoodtech.sa/arable-raises-2-55m-to-expand-hydroponic-farming-solutions/
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[2] Agritech startup Arable collects SAR 9.7 mn in seed round - https://en.sharikatmubasher.com/news/article/21463722/Agritech-startup-Arable-secures-SAR-9.7-mn-in-seed-round?companyNews=0
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[3] Ministry of Investment Contact and E-Services - https://sagia.gov.sa/en/e-services
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[4] Contact Us - Arable - https://www.arablefoods.com/contact
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[5] Ministry Locations - MEWA Contact Info - https://www.mewa.gov.sa/en/HowWeCanHelp/MinistryContactInfo/MinistryLocations/Pages/default.aspx
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