FEEDERS
Forbes Middle East - English|Oct 2023
The cofounders of Saudi's RedSea are on a mission to change how food is sourced in harsh climates, building luscious farms in the arid desert to feed over a billion people.
- NERMEEN ABBAS
FEEDERS

In 2018, as the earth faced its fourth warmest year since 1880, three old college friends in Saudi embarked on a journey to leverage technology to sustain food production. Their goal was to overcome the challenges presented by rising temperatures and water scarcity in order to stabilize the food supply. “The idea was simple yet ambitious: to use cutting-edge technology to make local, sustainable food production a reality for over a billion people living in desert areas,” says Ryan Lefers, CEO and Cofounder of RedSea, a Makkah-based startup that’s been enabling commercial farming in harsh climates for five years.

Having launched in a desert country with no permanent rivers or lakes and very little rainfall, Lefers, Mark Tester, and Derya Baran—who met on campus at the King Abdullah University of Science and Technology—are now growing a variety of crops, including snack peppers, tomatoes, cucumbers, and strawberries. The company helps reduce the water usage and carbon footprint of agricultural processes, with combined savings of up to 90%. Today, its patented technologies are used in 12 countries across five continents, from Spain to Saudi Arabia.

The demand for sustainable agricultural technologies has reached a critical level, particularly due to the pressing issue of water scarcity in MENA. According to the Organisation for Economic Co-operation and Development, 12 of the 17 most water-stressed countries in the world are in MENA.

この蚘事は Forbes Middle East - English の Oct 2023 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

この蚘事は Forbes Middle East - English の Oct 2023 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

FORBES MIDDLE EAST - ENGLISHのその他の蚘事すべお衚瀺
CONSCIOUS INVESTING
Forbes Middle East - English

CONSCIOUS INVESTING

VentureSouq's cofounders and general partners, Suneel Gokhale, Sonia Gokhale, Tammer Qaddumi, and Sonia Weymuller, are actively reshaping the investment landscape. With $250 million in assets under management, the thematic fund manager is forging a distinct path, with a focus on fintech and climate tech.

time-read
10 分  |
December 2024 / January 2025
VENTURING BEYOND CAPITAL
Forbes Middle East - English

VENTURING BEYOND CAPITAL

In just seven years, Shane Shin and Mahmoud Adi, Founding Partners of Shoroog Partners, have turned their startup into one of the Middle East’s biggest startup investors, with 500 million in assets under management. With ambitions far beyond venture capital, they’re now expanding further into credit markets and looking at where they can be pioneers.

time-read
8 分  |
December 2024 / January 2025
ROCK STAR
Forbes Middle East - English

ROCK STAR

WHAT IF THE REVOLUTIONARY TECHNIQUES DEVELOPED TO FRACK ROCKS FOR OIL COULD BE MODIFIED TO UNLOCK LIMITLESS CLEAN ENERGY FROM THE HEAT OF THE EARTH’S CRUST?

time-read
8 分  |
December 2024 / January 2025
Breaking New Territory
Forbes Middle East - English

Breaking New Territory

Moroccan-Canadian singer and 30 Under 30 alumna Faouzia is having her biggest year yet and enjoying newfound fame in China. As her stardom rises, she’s now exploring new projects and possibilities.

time-read
6 分  |
December 2024 / January 2025
5 Biggest MENA IPOs of 2024
Forbes Middle East - English

5 Biggest MENA IPOs of 2024

This year has been pivotal for MENA, marked by a series of high-profile IPOs that drew interest from local and international investors. Here’s a look at the five biggest IPOs that defined 2024.

time-read
2 分  |
December 2024 / January 2025
TOP VENTURE CAPITALISTS
Forbes Middle East - English

TOP VENTURE CAPITALISTS

MENA has emerged as a vibrant hub for innovation and entrepreneurship, fostering a dynamic landscape for startups.

time-read
2 分  |
December 2024 / January 2025
Top Funding Rounds in MENA 2024
Forbes Middle East - English

Top Funding Rounds in MENA 2024

This year has seen some of MENA’s largest-ever funding rounds. Here’s a look at five standout deals. Only startups that were founded less than 10 years ago and had disclosed their funding rounds as of November 27, 2024, were considered.

time-read
2 分  |
December 2024 / January 2025
Key Insights From MENA's Funding Landscape
Forbes Middle East - English

Key Insights From MENA's Funding Landscape

MENA saw a mixed performance in the first nine months of 2024.

time-read
2 分  |
December 2024 / January 2025
A Look Ahead: Travel Trends Shaping 2025
Forbes Middle East - English

A Look Ahead: Travel Trends Shaping 2025

What will drive wanderlust in 2025? Here’s a look at the key travel trends set to dominate the year.

time-read
2 分  |
December 2024 / January 2025
Codebreakers
Forbes Middle East - English

Codebreakers

Backed by 200 million in funding, 28-year-old SCOTT WU and his team of competitive coders at Cognition are building an Al tool that can program entirely on its own, potentially disintegrating the whole industry. Is its 2 billion valuation the result of a true breakthrough, or just more Al hype?

time-read
7 分  |
December 2024 / January 2025