MOCCAE, Emirates Growth Fund to power UAE SMEs driving food security, AgriTech
1 June 2025 19:41
AL AIN (WAM)The Ministry of Climate Change and Environment (MOCCAE) has signed a Memorandum of Understanding (MoU) with Emirates Growth Fund (EGF) to catalyse the growth of UAE-based companies shaping the future of food, agriculture, and environmental resilience.The agreement was signed during the Emirates Agriculture Exhibition and Conference 2025 in Al Ain in the presence of the Minister of Climate Change and Environment, Dr. Amna bint Abdullah Al Dahak, and the Vice Chair and Managing Director of EGF, Najla Al Midfa.This strategic partnership brings together two national entities committed to supporting SMEs operating in the areas of food and water security, agricultural innovation and local production, environmental technologies, and climate-aligned business models.Together, MOCCAE and EGF aim to unlock new opportunities for UAE-based businesses to lead in building a more self-sufficient, sustainable, and resilient national economy.From securing the country's food supply to advancing environmental innovation, the collaboration reflects a shared vision of empowering the private sector to drive lasting impact.The MoU provides a framework for exchanging knowledge, co-promoting eligible companies, and showcasing success stories that align with the UAE's long-term climate and food security goals.Dr. Al Dahak commented, "This partnership paves the way for achieving our shared environmental objectives aligned with the goals of the National Food Security Strategy 2051, and We the UAE Vision 2031. The private sector is a key component of our drive towards environmental resilience and food security.""By empowering SMEs working in food supply chain and environmental innovation we are laying a strong foundation for greater national self-reliance and a future-ready economy. The Ministry of Climate Change and Environment is dedicated to fostering holistic climate action across all sectors, ensuring future readiness and the ability to adapt to evolving global challenges."Al Midfa added, "EGF exists to support businesses solving national challenges through innovation and scale. Through this collaboration, we are not only providing patient capital but acting as long-term partners to founders. Our value creation approach brings strategic guidance, governance support, and access to networks. By focusing on agri tech and environmental innovation, we are investing in the building blocks of national resilience and self-sufficiency."Established with Dh1 billion in capital, the Emirates Growth Fund invests in UAE-based growth-stage companies operating in sectors of strategic importance to the nation.
The Fund offers more than capital, providing long-term partnership to help scale businesses built to last.
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