NADEC extends MoU with Pure Harvest to build 60,000 sqm hydroponic greenhouses for 4 months

04/07/2021 Argaam

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National Agricultural Development Co. (NADEC) extended today, July 4, the memorandum of understanding (MoU) signed last year with Pure Harvest Smart Farms to build and operate high-tech hydroponic climate-controlled greenhouses spanning 60,000 square meters (sqm) for additional four months.

 

The company said in a statement to Tadawul that the extension aims to allow both companies to reach an agreement about the aspects of joint cooperation and the final agreement to build and operate the project.

 

The financial impact will be announced upon completion of construction work and commencement of commercial operation of the project.

 

According to data compiled by Argaam, NADEC signed in November last year a MoU with Pure Harvest Smart Farms to build and operate high-tech hydroponic climate-controlled greenhouses spanning 60,000 sqm.

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