KAUST’s Red Sea Farms closes $1.9m investment

Red Sea Farms is uniquely positioned to serve the growing food security needs of the Middle East.
Updated 14 May 2019
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KAUST’s Red Sea Farms closes $1.9m investment

Red Sea Farms, an agriculture technology spinout company from King Abdullah University of Science and Technology (KAUST) specializing in saltwater greenhouse technology, has secured $1.9 million of co-investment from the KAUST Innovation Fund and Research Products Development Co. (RPDC). 

Red Sea Farms is uniquely positioned to serve the growing food security needs of the Middle East. A combination of irrigation water scarcity and hot, arid lands are constant barriers to the region’s ability to achieve agricultural self-sufficiency. 

For Red Sea Farms co-founder and KAUST professor of plant science, Mark Tester, food security has always been central to his research. “The Middle East is one of the most water-scarce regions of the world. Here we often rely on unsustainable sources of water for irrigation, such as groundwater, which is being rapidly depleted, or desalinated water,” said Tester. 

“Desalinated water requires large amounts of energy to produce which is costly — at least $1 for every cubic meter -— and has a high environmental impact.” 

With its combination of engineering and plant science, Red Sea Farms has developed solutions to grow saltwater-tolerant crops in greenhouses cooled using saltwater. In their saltwater greenhouse, 80 to 90 percent of freshwater is substituted with saltwater, massively reducing both the water and carbon footprint of food production. The result is a system where both fresh water and energy requirements are reduced up to 10-fold.

The seed investment will enable the company to build a 2,000 square meter saltwater greenhouse on the KAUST campus in Saudi Arabia and realize plans to produce 50 tons of tomatoes annually by 2020. Building on six years of research at KAUST, the tomatoes that will be grown have significantly higher salinity tolerance. The resulting crops can be grown using up to 30 percent diluted seawater, which will save further freshwater; it also makes the fruits exceptionally sweet, with higher levels of vitamins and antioxidants. 

The new patent-pending system can be retrofitted to existing greenhouses, allowing for evaporative cooling with saltwater resources to save precious fresh water. The company is aiming to retrofit 5 percent of greenhouses in the Kingdom, offering a return on investment for farmers in less than two years. 

“RPDC and KAUST share common interests in commercializing intellectual property and supporting high-tech startups in Saudi Arabia. This investment marks a shining example of the transition of KAUST academic research to commercial application, with the potential to revolutionize the future of food production in Saudi Arabia and the region,” said Kevin Cullen, vice president of KAUST Innovation and Economic Development.

“RPDC has a strong track record of bringing technology to market in Saudi Arabia and looks forward to supporting Red Sea Farms as they scale,” said Abdulmohsen Almajnouni, RPDC CEO. “Red Sea Farms will use this investment to pilot their saltwater greenhouse cooling technology in the Kingdom. It will also enable them to scale-up their crop production of the saltwater tomatoes.”


Sulaiman Al-Rajhi Endowment projects worth SR8bn launched in Makkah

Updated 19 February 2026
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Sulaiman Al-Rajhi Endowment projects worth SR8bn launched in Makkah

Sulaiman Al-Rajhi Real Estate Company has announced the launch of several real estate projects belonging to the Sulaiman Al-Rajhi Endowment system in Makkah, with a total investment exceeding SR8 billion ($2.1 billion). These projects include commercial, residential, and hospitality developments, as well as strategic land plots, as part of the company’s commitment to supporting the Kingdom’s real estate sector and enhancing the quality of life in the holy city.

The announcement was made during a field tour by a delegation of high-level officials including Saleh Al-Rasheed, CEO of the Royal Commission for Makkah City and Holy Sites; Ihsan Bafakih, chairman of the board of directors of Sulaiman bin Abdulaziz Al-Rajhi Holding Company; Haitham Al-Fayez, chairman of Sulaiman Al-Rajhi Real Estate Company and CEO of Sulaiman Al-Rajhi Holding Company; Moath Al-Mukhudub, managing director and CEO of Sulaiman Al-Rajhi Real Estate Company; and Anas Mansour Abadi, CEO of real estate at Sulaiman Al-Rajhi Holding Company and representative of the Sulaiman Al-Rajhi Endowment, alongside members of the board of directors of both the holding and real estate companies and the executive team.

The tour included the launch of the Tilal Towers project, with an investment value of SR2 billion, featuring more than 2,500 hotel rooms, strengthening the hospitality sector in Makkah.

The delegation also visited the Tilal Village project, valued at SR2.8 billion. It is one of the prominent qualitative projects within the hospitality ecosystem in Makkah.

Furthermore, the visit covered the residential buildings within Tilal Village, comprising 828 units, with an investment of SR800 million. The delegation inspected the specialized hospital, medical complex housing, and the office and commercial plazas.

During the tour, a contract was signed for the Al-Rajhi Center project, valued at SR250 million, as part of a comprehensive rehabilitation plan.

The inspection also included the Al-Ukayshiyyah land, spanning 4 million square meters, and the Al-Ghazzawi project land, valued at SR250 million.

The tour concluded with prayers at the Aisha Al-Rajhi Mosque, the second-largest mosque in Makkah after the Grand Mosque, with a capacity for 50,000 worshippers.

This visit underscores the importance of these investments, which represent a clear direction toward enhancing the management of the endowment’s assets through diversification, redevelopment, and strategic expansion, in line with the development goals of the Makkah city and Saudi Vision 2030.

Sulaiman Al-Rajhi Real Estate, a subsidiary of Sulaiman bin Abdulaziz Al-Rajhi Holding Company, continues to provide innovative solutions to elevate the real estate sector to international standards.