Money and business

NEOM Investment Fund launches a strategic partnership in biological manufacturing

The Neum Investment Fund has announced a strategic investment in Liberation Labs, which is one of the world leading companies in biological manufacturing using accurate fermentation technology.
This comes with the aim of supporting the efforts of the NEOM “Tobyan”, to design and develop an advanced facility in the Kingdom in the field of careful fermentation.
Liberation Labs contributes to the development and operation of advanced vital manufacturing facilities concerned with the production of basic food ingredients using accurate fermentation technology, which represents a sustainable and developmental alternative compared to traditional production methods.
This technology allows the production of high -quality proteins without relying on animal sources, which enhances the efficiency and sustainability of food supply chains.
The CEO of the NEOM Investment Fund, Majid Mufti, said that this strategic partnership represents a pivotal station in the NEOM march to be a leading global center in the field of sustainable food production.
He added that the deep experiences of “Liberation Labs” in the field of precise fermentation and vital manufacturing will contribute to enabling Neum to accelerate the adoption of advanced techniques for food production, and contribute to the reshaping of the future of diets in a more innovative and sustainable manner.
The founder and CEO of Liberation Bus Mark Warner promised partnership with the Neum Investment Fund, and “Tobyan”, a unique opportunity to integrate our leading experience in biological manufacturing with the ambitious visions of NEOM projects.
He said: “We are excited to work together to achieve our common goals in reshaping the future of food production worldwide.”
The CEO of Tobyan, Dr. Juan Carlos Motamaure, said that the company is working to develop future food systems that respond to the challenges of population growth and the repercussions of climate change, and through this advanced facility in biological manufacturing.
He added: We will be able to produce main food components and alternative proteins with high quality, efficiency and sustainability, as this investment will contribute to reducing dependence on food imports, enhancing food security in the Kingdom, in addition to finding new economic opportunities and highly skilled quality functions, which gives the Kingdom a competitive advantage in the innovative and high -value food sector.
It is noteworthy that this investment and partnership in “Liberation Labs” embodies the role of the Neum Investment Fund as a strategic investment and the main possibility for the growth of the advanced food manufacturing system in the Kingdom.
This step paves the way for adopting innovative and expandable solutions in the field of biological manufacturing, which contributes to supporting the “Tobyan” food projects, and strengthening the Kingdom’s position as a pioneering center in the field of advanced food manufacturing.

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