Pure Salmon will ‘expand local food sustainability efforts’ in Abu Dhabi
Published by Undercurrent News by Undercurrent News · 29 Aug, 2022
Land-based aquaculture company Pure Salmon is set to strengthen Abu Dhabi’s agriculture technology "ecosystem" with a partnership between it and the Abu Dhabi I

The firm — which is headquartered in the emirate already — will receive “financial and non-financial incentives” to expand local food sustainability efforts with its salmon farming technology, it said. The partnership is part of ADIO’s AED 2 billion ($544 million) program to help innovation-driven companies achieve long-term success from Abu Dhabi.

ADIO is casting a wide net in its support for aquaculture and promoting innovation that addresses global food security challenges. Pure Salmon, which is a portfolio company of private equity funds managed by 8F Asset Management, joins other agtech companies, including FreshToHome, that have partnered with ADIO under the same program to bring aquaculture expertise to advance food
sustainability from Abu Dhabi.
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“Over the last year, Abu Dhabi’s agtech sector has experienced exponential growth, led by rapid technological developments that are enabling sustainable agriculture and farming practices to take root in arid and desert climates,” said Tariq Bin Hendi, director general of ADIO.

“The introduction of Pure Salmon’s pioneering technology and knowledge to Abu Dhabi’s ecosystem will enhance the emirate’s aquaculture capabilities and create a hub from which new
agriculture solutions can proliferate. ADIO is committed to supporting businesses aligned with our mission of advancing regional and global innovation.”

Pure Salmon’s Abu Dhabi headquarters will manage global production facilities in Poland, Japan, the US, and France.

“ADIO’s partnership enables Pure Salmon to hire world-class talent and expand its operations as it makes headway towards becoming the largest global sustainable salmon producer with its target
production of 260,000 [metric tons] per year,” the firm said.

In addition, Pure Salmon will establish academic collaborations based on the proprietary “Pure Salmon Academy knowledge base” to share its aquaculture know-how and capabilities within the
Abu Dhabi ecosystem.

“We are proud and grateful to have ADIO as a strategic partner in the development of Pure Salmon. Setting up Pure Salmon’s global headquarters in Abu Dhabi will enable the growth of a
local team that will advance sustainable economic solutions and establish the UAE as an industry leader,” said Stephane Farouze, chairman and founder of 8F and board director of Pure Salmon.

“With ADIO’s support, Pure Salmon Abu Dhabi will create over 300 qualified jobs and supply the region with nutritious, healthy and locally produced protein.”

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