Riyadh – Mubasher: The National Agricultural Development Company (NADEC) has signed a memorandum of understanding (MoU) with Pure Harvest Smart Farms Company to build and operate approximately six-hectare high-tech hydroponic climate-controlled greenhouses as a first phase within NADEC City in Haradh.

This comes in a bid to produce and supply high-quality fresh vegetables and fruits to the Saudi Arabian market, according to a bourse statement on Wednesday.

The MoU will mature after 150 days from the signing date.

Moreover, the deal’s financial impact will be provided upon signing the final agreement, NADEC said.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2020 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.