Pure Harvest Smart Farms, a United Arab Emirates agriculture technology start-up has raised $20.6m (£16.7m, €19m) in new funding and secured commitments for a further $100m.
Investment firm, Wafra International, which is owned by the Kuwait state pension agency, is investing $10m of the new funding, and committing $100m in equity and project financing.
The food technology industry is still developing in the UAE, as temperatures in the summer rise above 50 degrees Centigrade making farming challenging.
Pure Harvest said that the new investment will be used to continue the development of controlled-environment agricultural facilities, like greenhouses, to grow pesticide-free fresh fruits and vegetables.
Founded in 2018, the company said it is to significantly expand operations in the UAE, where it recently secured 30 hectares (74 acres) of land, and to Saudi Arabia.
Pure Harvest Smart Farms expects to have its new UAE farms operational by the end of the year, and farms running in Saudi Arabia, where it has secured 6 hectares of land, in the first quarter of 2021.
Recently, Pure Harvest began experimenting with growing greens and berries in its beta greenhouse.
It currently supplies five tomato varieties which are grown in an enclosed, environment-controlled farm to supermarkets, hotels and restaurants in the UAE.