Press Release

FII Institute invests in revolutionary saltwater solution, Red Sea Farms

Riyadh, June XX, 2021: Growing crops like organic tomatoes with saltwater – can it be done? The global FII Institute is a next-generation NGO bridging the worlds of expert-led Think Labs and real-world solutions. With a mandate to action, the Institute today announced an investment in Red Sea Farms, whose breakthrough technology is making it possible to grow food sustainably using a 50/50 mixture of fresh- and saltwater instead of only freshwater.

The Agriculture Technology (AgTech) project represents globally relevant innovation that FII Institute is championing by investing in four critical areas: Sustainability, Artificial Intelligence, Robotics and Healthcare. Helping farmers become less reliant on freshwater in water-scarce areas of the world, Red Sea Farms – based at King Abdullah University for Science & Technology (KAUST) – works today to help ensure water security in the future.

Remarking on the decision of the independent FII Institute board of trustees, CEO Richard Attias said, “There is no doubt that water is the next big issue facing humanity. What we need today are actionable solutions that allow us to take sure steps towards reversing the cycle and reclaiming that future. By partnering with innovators like Red Sea Farms and KAUST, we take the world's best ideas out of the labs and make them accessible to a market looking for answers. We invest in a future for all."

Ryan Lefers, CEO, Red Sea Farms, “Our Red Sea Farms’ partnership with the FII Institute will help us grow our business responsibly while maintaining a deep focus on mission – to feed the planet sustainably by delivering innovative, saltwater-based agricultural systems. Our unique approach to growing produce in harsh climates is founded on principles that raise the bar for environmental, social and governance standards. Working with the FII Institute will allow us to be an example of best practice to the agriculture technology industry here and across the globe.”

Red Sea Farms marks the second FII Institute investment this year following an announcement in April to back Lilium, an electric-powered aircraft offering a more sustainable alternative to carbon-intensive regional travel. Working continuously to catalyse change where it is needed, the Institute brings together leaders and great minds in an inclusive agenda built on three pillars – THINK, XCHANGE, ACT – and calls for a united effort in service of humanity

ENDS


About FII Institute

FII Institute is a next-generation NGO. Global, objective and independent, we foster great minds from around the world and turn ideas into real-world solutions for a better future. To meet that future head on, we pour our efforts into four critical areas: Healthcare, Sustainability, Artificial Intelligence and Robotics.

We are positioned at the centre of it all – where decision makers, financial resources and an engaged generation of youths come together, energised and ready for change. We harness that energy into three pillars: THINK, XCHANGE, ACT. Overseen by thought-leaders and academia, we are transparent and committed to investing in the revolutionary ideas that make a tangible difference to lives globally. Join us to own, co-create and actualise positive impact for humanity

https://fii-institute.org

About Red Sea Farms

Red Sea Farms is committed to solving one of today’s greatest problems - how to feed the world in the face of diminishing resources. Red Sea Farms cares about the planet just as much as people. Combining impact with innovation through saltwater-based agriculture products, systems and services Red Sea Farms promotes environmental and economic sustainability by meeting the nutritional needs of water-scarce populations. The approach is a world-leading blend of plant science, sustainable cooling, light and energy management and systems that use Artificial Intelligence.

https://redseafarms.com/