Sheikh Mohammed announced the news on Twitter: “We launched the first phase of Food Tech Valley, a new modern & vibrant city that will serve as a global destination for start-ups and industry experts in the food ecosystem.” It will host R&D facilities, an innovation center, smart food logistics hub and areas for vertical farming.
Sheikh Mohammed tweeted, “The volume of our food trade exceeded 100 billion dirhams annually.” He added, “We are a global logistical forum for food trade and we will work to develop a new work environment for these type of companies to develop new agricultural technologies and consolidate our future food security.”
Original news source Credit: gulfnews.com
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